Experience the charm of Manhattan living in this prewar coop loft studio located in the heart of Midtown Murray Hill. With 12' beamed ceilings, oversized windows, and wood flooring throughout, this high-floor apartment is bathed in natural light, creating an inviting and spacious atmosphere. The great room is expansive enough to include living/dining, and home office spaces. The galley kitchen is equipped with all the essentials. The spiral staircase leads to the versatile loft area, which can accommodate a queen-size sleeping area or function as a guest room with additional home office space. The apartment has been thoughtfully designed for maximum functionality and storage, featuring a walk-in closet beneath the loft. HVAC air conditioning ensures year-round comfort. Building Amenities include: 24-hour doorman, Live-in resident manager, First-floor laundry room, Landscaped roof deck, Building link communications, Updated elevators and hallways. This co-op allows Pied-A-Terre, purchasing for children, and unlimited subletting after two years of ownership with Board approval. Building permits 75% financing and requires 25% down. Sorry, no dogs allowed. This prestigious 1916 Madison Avenue building, designed by Arthur Loomis Harmon of Shreve, Lamb, & Harmon (the architects behind the Empire State Building), offers historical charm and modern conveniences. 16 Floors with 171 Units. Located at 38th Street within close proximity to Penn Station and Grand Central Station, plus easy access to public transportation, including subway, city buses, and Citi Bike racks. Don't miss out on the opportunity to own a piece of Manhattan's architectural history in a vibrant and convenient neighborhood. Contact us for more details and to schedule a viewing!
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$560,000
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 | $448,000 | $448,000 | $448,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,795 | $2,943 | $3,720 |
Total Monthly Payment | $2,887 | $3,035 | $3,812 |
* 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.