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New 1BR 1 Bath Co-op Listing in Forest Hills, Queens – Argo Management Welcome to this charming 1-bedroom, 1-bathroom co-op in the heart of Forest Hills, Queens, managed by Argo Management. This well-maintained unit offers an open layout, providing a spacious feel with bright, sunlit rooms that invite natural light throughout the day. Perfect for those who appreciate a light-filled living space, this apartment is designed to create a warm and welcoming atmosphere. The building is equipped with an on-site manager and a live-in superintendent, ensuring that all your needs are addressed quickly and efficiently. The co-op is pet-friendly, allowing small dogs, so you can bring your furry friend along to enjoy the comfort of your new home. Additionally, shareholders enjoy the flexibility of subletting the apartment after residing in the unit for 2 years, offering excellent long-term investment potential. Location is key, and this property delivers! Situated just a short distance from the subway and express buses, commuting is a breeze. For frequent travelers, this co-op is conveniently located between both major airports, making travel stress-free. The neighborhood also offers easy access to various places of worship, making it an ideal home for those seeking a close-knit community. Whether you're a first-time buyer or looking for a cozy and well-connected home, this 1BR 1 Bath co-op is an opportunity you won’t want to miss. Reach out today to schedule a viewing!
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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 | $300,000 | $300,000 | $300,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,872 | $1,971 | $2,511 |
Total Monthly Payment | $1,947 | $2,046 | $2,586 |
* 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.