Welcome to 328 N Bridge Plaza #GE, Fort Lee, NJ 07024
- Build in 1954
- Midrise Co-op
- 2 Bedrooms & 2 Full Baths
- HOA Fee $836.99/month (including Real Estate Taxes, Special Assessment,Heat, Hot/Cold Water, Internet & Cable TV)
(Maint. Fee $705.38, Special Ass'mt $57.66, Cable TV $73.95 = $836.99/month) - Outdoor parking first come, first serve, waiting list for garage with extra fee
- basement storage with $35/month extra when available
- For Sale $159,000 - SOLD 1/2020
NOT FOR INVESTORS & Subject to CO-OP Board approval. Make no mistake, it is GROUND floor unit with NO Steps. Large 2BR/2Bath at very convenient location, close to GWB, shopping, cafe and supermarket ... Approximate $837/month including real estate taxes, heat, hot/cold water, cable TV & internet; Outdoor parking first come, first serve, waiting list for garage with extra fee; basement storage with $35/month extra; selling in "AS IS" condition strictly! Cash buyer prefer. Offer must with (1)Complete credit check report & credit score (2) Most recent pay stubs (3) Last 2 year's tax returns.
| Why rent if you can own for about $1500/month? | |
| selling price | $159,000 |
| must have 20% down payment | $31,800 |
| mortgage amount | $127,200 |
| your monthly mortgage @ 4% for 30yrs | $606 |
| maintenance fee | $837 |
| monthly mortgage + maintenance fee | $1,443 |
| 3:1 ratio { Income >= 3 x 12 x (mortgage+ maintenance fee)} | $52,000 |
| Without any other debts such as car loan, student loan, credit card debt, | |
| you need to make approximate $52,000/year salary to be qualified by co-op board. | |
| If you pay all the cash, without taking mortgage, without any other debts, | |
| you only need to make approximate $837x12x3=$31,000/year to be qualified by co-op board. | |