Wonderful large bright Alcove Studio. Perfect for first-time homeowners, pied-a-terre residents and investors (6-month minimum rental), and diplomat friendly. 321 E 48th Street, also known as The Continental Condominium, is a full-time doorman building, located in Turtle bay near the UN, many fine restaurants, & close to the theater district. It includes many amenities for its residents including a clean laundry room, private storage, bike room, elevator, and a full-time doorman. New York Sports Club and Morton Williams Supermarket are both right down the block and there is access to public transport and walking distance to Grand Central Station. Please note there is currently two assessments for $112.86 each. One is ongoing and the other is scheduled to end 12/31/20.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more