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¡¡Linwood Park
Co-op
Park Place, Fairview Ave,
Edwin Ave and Linwood Dr
Fort Lee, NJ 07024
(click link for google map)
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Each building has elevator and stairs
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Very Well Managed Community |
NJ Transit #159 & #756 |
4 Bus Stops |
Laundry in each building |
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34.5 acres |
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26 five-story all
brick buildings |
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1170 Studio, 1 & 2
bedroom apartments |
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Elevators |
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Laundry rooms in
buildings |
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Shareholder parking
/ garages |
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Next
to Linwood Plaza shopping center |
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NJ
Transit #159 to NYC, less than 2 minutes walking distance.
Or walking distance to GWB bus station, $1 bus cross GWB, then A
train at 175 St. |
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20%
down payment, 3:1 ratio
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Heat,
Hot Water
includes |
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"first come, first service" Parking at
$5/month per sticker |
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No cat or dog
allows |
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Not
for Investors, sorry.
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Is
co-op suitable for you?
Do you have patience?
You
MUST provide the following documents for admission:
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Fully
executed contract of sale
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Copy
of Loan Commitment if financing
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Copies of last two years Federal & State Income Tax Returns with
W-2
or 1099 if self-employed:
a. Sole Proprietorship (include Schedule C)
b. Partnership (include 1065-K1)
c. Small Business Corp. (include 1020S-K1)
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Letter signed by employer certifying employment and salary
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Current and last three pay stubs
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Bank
verification letter
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Request
of investigation for credit check authorization
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nonrefundable
$350 processing fee payable to "1170 Apartment Corp" -
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Move
in deposit by certified check or bank check of $500,
refundable, if no
damage during moving
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20%
down payment, 3:1 ratio
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Interview by Co-op board
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Approve
or reject by Co-op board
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Back to list |
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Why
rent if you can own for about
$1080/month?
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selling price |
$123,000 |
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must have 20% down payment |
$24,600 |
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mortgage amount |
$98,400 |
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your monthly mortgage @
5.5%
for 30yrs |
$559 |
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maintenance fee |
$521 |
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monthly
mortgage + maintenance fee |
$1080 |
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3:1
ratio { Income >= 3 x 12 x (mortgage+ maintenance fee)} |
$38,880 |
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Without any other debts such as car loan,
student loan, credit card debt,
you need to make approximate
$39,000/year
salary to be qualified by co-op board. |
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Confused? Don't worry, click here to do some math... |
If you pay all the cash,
without taking mortgage,
without any other debts,
you only need to
make $521x12x3=$18,756/year
to be qualified by co-op board |
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3061 Edwin Ave |
Outside |
Entrance Foyer |
Kitchen with DISHWASHER |
Living Room |
Living Room |
Living Room |
Hallway to Bedroom and Bath |
Bedroom with 2 Windows |
Wall of Closets |
Outside Hallway |
Sunny South Exposure |
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Why
rent if you can own for about
$1050/month?
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selling price |
$115,000 |
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must have 20% down payment |
$23,000 |
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mortgage amount |
$92,000 |
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your monthly mortgage @
5.5%
for 30yrs |
$523 |
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maintenance fee |
$527 |
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monthly
mortgage + maintenance fee |
$1050 |
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3:1
ratio { Income >= 3 x 12 x (mortgage+ maintenance fee)} |
$37,800 |
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Without any other debts such as car loan,
student loan, credit card debt,
you need to make approximate
$38,000/year
salary to be qualified by co-op board. |
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Confused? Don't worry, click here to do some math... |
If you pay all the cash,
without taking mortgage,
without any other debts,
you only need to
make $527x12x3=$18,972/year
to be qualified by co-op board |
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Kaili has been SOLD the following
apartments in Linwood Park. |
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Street Number |
Street Name |
Street Mode |
Unit Num |
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3001 |
EDWIN |
AVE |
3A |
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3011 |
EDWIN |
AVE |
5E |
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3030 |
EDWIN |
AVE |
4A |
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3030 |
EDWIN |
AVE |
2A |
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3030 |
EDWIN |
AVE |
2F |
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3031 |
EDWIN |
AVE |
1H |
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3031 |
EDWIN |
AVE |
4B |
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3041 |
EDWIN |
AVE |
3F Twice |
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3050 |
EDWIN |
AVE |
4D |
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3051 |
EDWIN |
AVE |
3B |
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3051 |
EDWIN |
AVE |
3B |
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3060 |
EDWIN |
AVE |
2D |
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3081 |
EDWIN |
AVE |
4E |
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3081 |
EDWIN |
AVE |
3J |
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3091 |
EDWIN |
AVE |
1H |
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3091 |
EDWIN |
AVE |
2E |
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400 |
FAIRVIEW |
AVE |
5D |
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410 |
FAIRVIEW |
AVE |
5H |
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420 |
FAIRVIEW |
AVE |
4D |
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420 |
FAIRVIEW |
AVE |
3F |
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420 |
FAIRVIEW |
AVE |
3A |
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500 |
LINWOOD |
DR |
4E |
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500 |
LINWOOD |
DR |
4B |
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501 |
LINWOOD |
DR |
3J |
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501 |
LINWOOD |
DR |
5J |
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400 |
PARK |
PL |
5D |
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401 |
PARK |
PL |
5D |
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401 |
PARK |
PL |
5D |
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401 |
PARK |
PL |
3B |
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401 |
PARK |
PL |
3C |
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420 |
PARK |
PL |
4F |
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420 |
PARK |
PL |
5G |
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421 |
PARK |
PL |
1E |
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421 |
PARK |
PL |
2D |
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421 |
PARK |
PL |
5C |
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and Counting .... |
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