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Situated in Prime Lenox Hill is this bright and spacious oversized (approximately 1, 000 square feet) Junior-four gem! Enter this apartment in a grand entry foyer/gallery and the space is striking. Currently a very large one bedroom, the dining area could be easily converted to a second bedroom or home office. This 9th floor Eastern exposure faces city, skyline and bridge with walls of windows and has natural light all day. There are 5 huge closets for generous storage!
166 East 61st Street is a full-service luxury cooperative, with 24-hour doorman and resident manager. Amenities include elevators, laundry room, common storage and bike room. There is a special rate for Spectrum customers and Fios is available as well. Pets are permitted. There is no waitlist for the storage bins each apartment gets one. No charge for the bike room or the bins!!
The building allows up to 75% financing pied a terres are allowed case by case. There is a 2% flip tax paid by the seller and the maintenance is 56% tax deductible. This upper east side location cannot be beat, so near to fine and casual dining venues, a plethora of shopping such as Bloomingdale's and all that Madison Avenue has to offer and of course near Central Park. Transportation in close proximity with the Q and 4/5/6 and directly above the N, R, W trains.
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Our Executive Mortgage Banker:
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$689,000
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 | $551,200 | $551,200 | $551,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,439 | $3,621 | $4,614 |
Total Monthly Payment | $3,531 | $3,713 | $4,706 |
* 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.