|
 |
|
|
|
|
 |
|
2BR Deluxe Corner
Unit For Sale |
 |
|
4:1 ratio, 25% Down |
|
|
|
5th
Floor North-West Exposure |
|
|
|
2 Bedrooms |
|
|
|
2 Full Bathrooms |
|
|
|
Living
Room |
|
|
|
Gallery
Kitchen |
|
|
|
Formal Dining Area |
|
|
|
Washer/Dryer On the Same Floor |
|
|
|
Full Amenities |
|
|
|
24-hour
Doorman Service |
|
|
|
Parking
Spot, $45/month or
$60/month extra,
optional |
|
|
|
Cable $40/month
|
|
|
|
Maintenance
Fee $1274.54/month
(includes real estate taxes, underlying mortgage, heat, hot
water, gas) |
|
|
|
Asking $262,000 |
|
|
|
Buyer has to provide credit
report with credit score |
|
|
|
Buyer has to provide most
recent pay stubs |
|
|
|
Buyer has to provide last 2
years tax returns with W-2 or 1099 |
|
|
|
Subject to board interview and
board approval. |
|
|
|
NOT FOR INVESTOR
(you have to live there for years first) |
|
|
|
NO PETS |
|
|
How Much do you need to buy?
| selling
price |
$262,000 |
| must
have 25% down payment |
$65,500 |
| mortgage
amount |
$196,500 |
|
Assume your
monthly mortgage @ 6% for 30yrs |
$1179 |
| maintenance
fee |
$1275 |
| monthly
mortgage + maintenance fee |
$2454 |
|
4:1
ratio { Income >= 4 x 12 x (mortgage+ maintenance
fee)} |
$117,792 |
|
You need to make
approximate $118,000/year
salary to be qualified by co-op board -
IF
you don't have any other debts such as
mortgage for your
current home, car loan,
student loan, credit card debts, alimony,
child support...
IF you have other debts,
you need higher income to be qualified |
If
you pay all the cash, without mortgage, without
any other debts,
you only need to make $1275x12x4=$61,200/year to be qualified by co-op board. |
|
|
Corner Unit |
Living Room |
Formal Dining Area |
Gallery Kitchen |
Bright Living Room |
Terrace off Living Room |
Master Bedroom |
2nd Bedroom |
Full Bath with Bath Tub |
Full Bath with Shower |
|
All room dimensions are approximate |
 |
|
|
|
SOLD!
6/26/2006
2Bedroom,
2Bath
Co-op for Sale |
| |
|
Entrance with Walk-in Closet |
Kitchen |
Living Room |
Living Room with Terrace |
Bedroom with Full Bath |
Bathroom with Tub |
|
|
|
|
|
|
SOLD!
6/26/2006
1Bedroom,
1Bath
Co-op for Sale |
| |
|
|
|
|
|
|
2Bedroom,
2Bath Co-op for Sale
SOLD 2/2006 |
SOLD 2/2006
Information Reliable But NOT Guaranteed
|
Living Room
/ Dining Area |
Living Room with Terrace |
Eat-In Kitchen |
Smaller Bedroom |
|
|
