Up to 90% financing is permitted. LOW LOW MAINTENANCE of $1, 167/MONTH (includes taxes)!!! The income cap is set at 250% of the NYC Area Median Income (AMI) as determined by HUD, regardless of household size. The maximum allowable income is $284, 250. Financial requirements include a debt-to-income ratio of less than 30%. Subletting after 2 years of residency subject to board approval and there is no flip tax. Welcome to your new home at The Washington — a spacious and sun-filled 3-bedroom apartment that offers both comfort and style. This exceptional HDC residence provides a serene retreat in the heart of the city and is perfect for both relaxing and entertaining. Situated on a charming tree-lined street, the apartment boasts three generously sized bedrooms with ample closet space, beautifully maintained hardwood floors, a formal living and dining area, a full bathroom, and a convenient powder room. Built in 1920 and thoughtfully renovated and converted in 2003, The Washington is a well-maintained, pet-friendly HDC co-op located in the vibrant Upper Harlem neighborhood. Residents enjoy amenities such as a gym, bike room, community room, and playroom. Building features include a live-in superintendent, two central laundry rooms, fitness center, bike storage, additional storage units, a playroom, and a community space. A key-accessed courtyard garden with a barbecue area offers a peaceful retreat, and garage parking is conveniently located just across the street.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$710,000
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 | $568,000 | $568,000 | $568,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,875 | $3,827 | $4,832 |
Total Monthly Payment | $3,967 | $3,919 | $4,924 |
* 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.