This spacious two bedroom Lower East Side property is awaiting your personal touch. Update this spacious, original-condition home with a basic refresh or bring your architect and contractor to explore the many opportunities affording this large two bedroom with private balcony. Some ideas include: add a 1/2 or second full bath, install a washer/dryer, open up the enclosed balcony for outdoor living, and/or reconfigure the kitchen from eat-in to a great room, incorporating the oversized living/dining areas and entryway. Limited structural columns allow for numerous renovation opportunties. Please ask for examples of other units that have incorporated these updates and more! The property’s unique location and setback from the street, offers multiple views including Midtown to the north, Grand St/Soho to the west, and the FiDi skyline to the southwest. Sunsets are esquisite with unobstructed western and southwestern views of the horizon. Tremendous natural light, deep closets, plentiful storage space and two king-sized bedrooms round out the attributes of this home. This high floor unit is the largest two bedroom footprint in the cooperative. The Seward Park Cooperative offers on-site parking, bicycle storage, personal storage, an indoor children’s playroom, two private outdoor playgrounds, a gym, a community room, shared office space, a children’s organic community garden, composting, 24/7 maintenance services on site, 24-hour lobby attendants/security, and several acres of grass and private green space for reading books and relaxing outdoors. Pets allowed. Gifting, co-purchasing, and guarantors permitted. Subletting permitted after two years of ownership. Monthly subletting fees apply during the term of sublease. Board approval required. Conveniently located within two blocks of the subway at Delancey/Essex St (F/M/J/Z) and East Broadway (F), north and south-bound access to the FDR, and just a few blocks from the M15 Select Bus Service, commuting is seamless. The property is situated for easy vehicular access to Brooklyn via the Williamsburg, Manhattan, and Brooklyn Bridges. The Cooperative also benefits from its proximity to Essex Crossing, an 8 acre development located one block north. A movie theater, bowling alley, indoor European style food hall, The International Center of Photography, Trader Joes, Target, a NYU medical facility, and more are all part of this neighboring development.
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $820,000 | $820,000 | $820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.183% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,656 | $5,251 | $6,920 |
Total Monthly Payment | $4,781 | $5,376 | $7,045 |
* 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.