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Ideal for investors! Unit is rented for $3400 a month
New Price $675K
Magnificent Corner Unit, 3 Exposures; Doorman Building; Can be Flexed to a 1 Bed; Pied a Terre welcome
Welcome to this beautiful, gut-renovated Alcove studio apartment, where modern elegance meets functional design. This wonderfully updated space boasts six large windows, with abundant natural light from both the East and West, creating a bright and inviting atmosphere throughout the day.
As you step inside, you'll notice the unique and seamless flow of the layout, allowing a separation between the living and sleeping areas. The corner dining area offers a generous space for enjoying meals, facing the living section and creating a harmonious flow throughout the apartment - or you can carve out a small office space, ideal for working from home. The living area can be thoughtfully arranged with a sectional sofa and coffee table, perfect for relaxing or entertaining guests. Beyond the living section, you'll find a sizable bedroom area featuring two large windows.
The updated kitchen features ample cabinet space, sleek quartz countertops, and large stainless steel appliances. The modern bathroom features a stylish barn door, and includes a soaking tub and sizable vanity that offers plenty of storage and counter space. Conveniently located near the entrance are also a coat closet and a linen closet.
This alcove studio is a perfect blend of style, comfort, and functionality, offering a bright and airy retreat in the heart of the city. With its impressive features and thoughtful design, this apartment is ready to welcome you home.
The Packard Condominium is a highly sought-after, renter-friendly boutique building with only 47 apartments spread over 11 floors. There is a full-time doorman, keyed elevator, and a central laundry room. The building is also pet-friendly. Situated right in the heart of the best that the Upper West Side has to offer, you're within walking distance of both Central Park and Riverside Park, conveniently located near prime restaurants and retail shopping, blocks away from the 1, B, and C trains at 86th Street, and steps away from the M86 crosstown bus.
Assessment of $227 until March 2026
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$675,000
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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,325 | $3,547 | $4,484 |
Total Monthly Payment | $3,417 | $3,639 | $4,576 |
* 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.