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Welcome to this beautiful and sun-filled 2-bedroom corner unit co-op located in the heart of East Rockaway. This bright and airy home features a spacious layout with abundant natural sunlight throughout the day. The building offers great amenities including a bike rack, a community room, and laundry facilities conveniently located on the lobby level. An assigned parking spot is available for just $30/month at closing (subject to availability), and additional parking is available nearby at two large municipal lots for approximately $400 per year. The location is unbeatable — just a 7-minute walk to the LIRR for an easy commute and only 15 minutes from the beautiful beaches of Long Beach. You'll also enjoy being steps away from a variety of local bars, cafes, and restaurants, making it easy to experience everything East Rockaway has to offer. Building requires a 20% minimum down payment, board approval is required, and no pets are allowed. Sale may be subject to the terms and conditions of an offering plan. Don’t miss the chance to call this charming and conveniently located co-op your new home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$349,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,999 | $279,999 | $279,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,770 | $1,839 | $2,344 |
Total Monthly Payment | $1,845 | $1,914 | $2,419 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.