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**All showings including open houses by private appointment only** Welcome to this charming and incredibly quiet studio located at the highly desirable Franconia. Offered for the first time in over 40 years, this hidden gem is awaiting its new owner to reimagine its potential. This cozy home is perched on the 14th floor with an eastern exposure, 9. 5 foot beamed ceilings with crown moldings, oversized windows, and hardwood floors. The kitchen features a new electric range and a generous amount of storage, which continues throughout the apartment with three deep closets. While the apartment does not currently house a dishwasher or in-unit laundry, both are permitted with board approval. The Franconia is a pre-war cooperative built in 1925 with 127 apartments across 16 stories. Situated just half a block from Central Park, 20 West 72nd Street is set in a prime Upper West Side location. Building amenities include a full-time concierge, resident manager, package room, laundry room, storage for rent, and a bicycle room. Utilities are included in the monthly maintenance. Nearby neighborhood attractions include Strawberry Fields and Sheep Meadow Park, Lincoln Center, the Museum of Natural History, and an abundance of trendy restaurants, shops, markets, and transit lines (B/C/1/2/3). The building permits one pet per residence, pied-a-terres, co-purchasing, gifting, guarantors, and 80% financing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$400,000
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 | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,023 | $2,127 | $2,679 |
Total Monthly Payment | $2,098 | $2,202 | $2,754 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.