Kaili's Cell: (201) 585-1234 | WeChat ID: Kaili2105

Welcome to 1500 Palisade Ave #19C, Fort Lee, NJ 07024

      2BR/2.5Baths CO-OP For Sale

  • Sunny and Bright East/West Exposure
  • 1850 SF +  310SF Large Terrace
  • 3 Sliding Doors to Terrace
  • Maintenance Fee $2812.58/month
    (including ALL Utilities & Amenities, Real Estate Taxes)
  • Garage Parking extra $95/month
  • No Pets Allowed
  • Not for Investors
  • Listing Price $425,000

    Currently Under Contract

selling Price $425,000
must have 51% down payment $216,750
mortgage amount $208,250
your monthly mortgage@ 4% for 30yrs about  $1000
monthly maintenance fee + assessment fee $2813
total Mortgage + HOA $3813

It's 5:1 Ratio for Mortgage purchase: 5x12x$3813 = $230,000
Without any other debts such as other house mortgage, car loan/car lease, student loan, credit card debts .... you need to make approximate $230,000/year salary to be qualified by co-op board.

It's 4:1 Ratio for Cash Purchase: Without mortgage by paying all cash, you only need to make approximate 4x12x$2813=$135,000/year to be qualified by co-op board, of course, without ANY other debts.

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

The most prestige luxury CO-OP in Fort Lee! Beautiful unobstructed Hudson River View on East side and Sunset Ramapo mountain view on the west side from 19th floor ... Approximate 1850SF Spacious living space 2Bedrooms 2.5 baths plus 310SF Terrace with Hudson River View; White Glove server building with 24hrs doorman, exercise Room, outdoor Pool, Tennis court ... To NYC buses at doorsteps; minutes walking distance to cafe, restaurants ... Purchaser please be aware of "51% down payments and 4:1 (cash) or 5:1 (mortgage) ratio" & prepare:
1) Complete credit report;
2) last 2 yrs tax returns;
3) Current Income Verification;
4) Proof of liquid Assets of Minimum $500,000.

 

The Plaza Co-op, Fort Lee, NJ 07024

  • Built in 1970's
  • 30 floors, 182 units
  • Outdoor Swimming Pool
  • Tennis Court
  • Exercise Room
  • 24hrs Doorman
  • Washer/Dryer in Unit
  • Buses to NYC stop at front Corner
    ......
c-floorplan

Do You Want Your House to be Showcased Here, Like This House?

Call/Text Realtor Kaili Liang (201) 585-1234 or Kaili@RealtorKaili.com