Kaili's Cell: (201) 585-1234 | 微信: Kaili2105
1A001

    2BR/2FBT Unit 1A For Sale

  • Bright South-East Corner
  • 1260 SF +  Large Terrace
  • 2 Sliding Doors to Terrace
  • Maintenance Fee $1305.62/month
    (including Heat/Hot Water, Cooking Gas, Real Estate Taxes, 1 Parking.)
  • Assessment fee $130.56/month
  • $1305.62+$130.56=$1436.18/month
  • Pets Friendly Building
  • Asking Price $179,900

              For illustration purpose only:

selling Price $179,900
must have 25% down payment $45,000
mortgage amount $135,000
your monthly mortgage@ 4% for 30yrs about  $644
monthly maintenance fee + assessment fee $1436
total Mortgage + HOA $2080

It's 3:1 Ratio for Mortgage purchase: 3x12x$2080 = $75,000
Without any other debts such as other house mortgage, car loan/car lease, student loan, credit card debts .... you need to make at least $75,000/year salary to be qualified by co-op board.
It's 3:1 Ratio for Cash Purchase: Without mortgage by paying all cash, you only need to make approximate 3
x12x$1436=$52,000/year to be qualified by co-op board, of course, without ANY other debts.

Imperial House Co-op, Fort Lee, NJ 07024

  • 8 floors, 54 units
  • Studio, 1BR, 2BR
  • Roof top swimming pool
  • Pets friendly building
  • Every Unit has large terrace
  • Buses to NYC stop at Lemoine/Myrtle Avenue Corner
  • After Living for 3 years, you may rent with approval

"Imperial House" is next to Coytesville Park with:

  • Play ground
  • Tennis court
  • Basketball court

***IT'S CO-OP, NOT FOR INVESTOR!!***

Next to Coytesville park, convenient location for NYC commuter with minutes walking distance to NYC buses. Sunny and bright south/east corner 2BR/2Fbth unit with a huge terrace; Cozy medium size and rarely available pets friendly CO-OP ...Total fees of $1436.18 per month including real estate taxes, one outdoor parking, heat, hot water, cooking gas and roof top pool. 25% down payment, 3:1 ratio easy and fast admission!!

PREPARE YOUR OFFER WITH:
(1) COMPLETE CREDIT REPORT WITH CREDIT SCORE;
(2) LAST 2 YRS TAX RETURNS
(3) MOST RECENT PAY STUBS. *** NOT FOR INVESTOR ***

Would you like your property to be showcased here, like this one?
Call/Text Realtor Kaili (201) 585-1234 or Kaili@RealtorKaili.com