SPONSOR SALE - NO BOARD APPROVAL Agents gladly welcome - 2% co-broke to a buyer's agent. Financing is available from traditional lenders. Flexible financing terms. 5% - 10% down will work on a case-by-case basis for those seeking to reside in the apartment as their primary residence. In addition, listing agent has procured a lender who can lend on the following terms for those seeking to reside in the apartment as their primary residence: 30 year fixed interest rate is approximately 2.54% 15 year fixed interest rate is approximately 2.32%. Buyer(s) must reside in the premises as their primary residence. If choosing this option, buyer must put down 20% down payment. Preferred lender will provide a closing cost credit of up to $7,000 for eligible closing costs (i.e. appraisal, bank processing fee, bank origination fee, HOA questionnaire fees, bank attorney fee, etc). A second lender has been procured for investors seeking investment cooperative loans. 30 year fixed rates starting at 3.5%. 20% down payment required and credit scores over 680 is a minimum. Sublet policy - can be rented from day 1 without any restrictions. No sublet fee. Cap rate is 4.8%, assuming cash investor and $2,200 rent. Pet Policy - Pets allowed. No weight restrictions. Address: 40-05 Ithaca St, apt. 1A, Elmhurst, New York 11373 Sponsor sale, no board approval Price: $325,000 Buyer to pay transfer taxes of 1.4% and sponsor's legal fees of approximately $2,000. Bedroom: 2 (Junior 4) Bathroom: 1 Maintenance/Carrying Costs: $829.76/per month; no assessments currently. Approximate Square Footage: 800 No flip tax upon sale Newly installed parquet hardwood floors throughout, including the kitchen area. Kitchen - Windowed with cesar stone countertops, soft close wood cabinets, stainless steel appliances. A partial open concept with a seating area has been created. Kitchen has been gut renovated. Bathroom - new bathtub, medicine cabinet, sink, vanity, toilet, new tiling up to the ceiling and in move in condition. Bathroom has a window. Bathroom has also been gut renovated. Spotlights installed throughout the apartment. Updated electrical panel. Freshly painted. Building and Neighborhood Features A) Live in super B) Cameras throughout the lobby C) Laundry room facilities D) Double pane windows E) The cooperative is centrally located in Elmhurst, NY, two blocks from the 7 train (82nd street train station stop) and 6 blocks from the E, M and R train (Elmhurst Avenue train station stop) F) Parents purchasing for parents and parents purchasing for children is allowed G) pied-a-terre living situations will be considered.
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