There are several units available in that building. With regard to the mortgage, a qualified buyer purchasing a co-op for $200,000 putting 20% down ($160,000 mortgage) will pay about $770.00 per month. In addition to that you have to pay the monthly maintenance which is about $800.00. Hence your monthly living expense would be $1570.00. That also includes the gas, heat, water, ELECTRIC & real estate taxes. Again, these numbers assume you are a qualified buyer. You have to get yourself pre-qualified to see if these number apply to you. Based on your qualifications, you could pay more or even less if your real good!
With today's interest rates (09/24/2011) you can get a rate of 4% on a 30 year fixed loan and that means you will pay $4.78 per thousand you borrow. If you went for a 15 year fixed you can get 3.25% which equates to $7.03 per thousand you borrow. Borrowing money is cheap these days and prices are down, it is a great time to buy! If I can be of further assistance, please let me know.
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
You could contact the agent who posted this listing, I looked up the building and it appears there are quite a few similar available apartments though none at exactly this price. If you drop me an email with your name and contact number I can refer you to other available apartments in this doorman building.
Jolie Muss Licensed Real Estate Broker
Columbus Avenue New York, NY 10023
firstname.lastname@example.org Office 212 721-3301