Welcome to this beautifully renovated, oversized one-bedroom apartment located in the heart of the historic Jackson Heights landmark district. This immaculately renovated pre-war gem offers the perfect blend of classic charm and modern updates. Step into a widespread immense layout featuring high ceilings, original architectural details including an embedded 1930s shelving alcove, and gleaming hardwood floors. This is an impeccable perfect home! The immaculate kitchen is fully updated, with an open concept and island, offering ample cabinetry and sleek finishes—perfect for home cooking and entertaining. Vast and commodious living room space, so capacious that it can fit a dining room set while providing much room for a large living room area for relaxing and entertainment. The bedroom is so colossal in size, one of the biggest pre-war co-op one bedrooms in all of Jackson Heights, accompanied by two closets. The generously sized bathroom includes a duo-amenity of both a separate shower stall and a full step-up soaking tub (with a showerhead). This has a luxurious, spa-like feel. This premier co-op is in the well maintained Madison building. The Madison is a small community with only 42 units in the building. This is a prime Location and building, a Landmark building within the Historic District. The bus line is literally at the corner, to take you to the express train stop. Short walk to the 7 train line. Steps away from all shopping, supermarkets and an array of restaurants. Super lives on site and the laundry-room is situated in the basement (brand new washers). Storage option (no waiting list!). Bike room. Small private garden. Pets Allowed. Owner occupied building with the ability to sublet after 2 years upon case by case basis. Building requires 20% down and Board Approval. Maintenance (including taxes) is $1, 044. 09 a month. Current temporary assessment is $232. 56. Here is an opportunity to own a pre-war classic with a truly remarkable renovation in the sought-after Jackson Heights landmark district! (Any square footage indication is not exact and is only an approximation by either the seller or floorplan designer – The Person or Persons must individually measure to ensure the space to their expectations. )
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $372,000 | $372,000 | $372,000 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,351 | $2,444 | $3,114 |
Total Monthly Payment | $2,426 | $2,519 | $3,189 |
* 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.