444 East 86 Street   Unit 3E

You can own this lovely one bedroom one bath coop with approximately 800 square feet of space for less than the rental on a similar apartment. And that is before considering the tax considerations. It boasts an over sized living/dining room facing south to a quiet courtyard. The kitchen has been fully renovated with ceramic tile floor, stainless appliances and a granite countertop which extends into a convenient breakfast bar. The white marble bath has a steam shower with multiple shower heads for complete spa relaxation in your own home. Generous and well-organized closet space completes the picture. Located in a luxury full service co-op near transportation, recreation, parks and shopping,. PURCHASE PRICE NET COST ANALYSIS: Purchase price $485,000. Down payment of 28% $135,800, Amount borrowed $349,200, Interest rate 5%, 30 year mortgage. MONTHLY MORTGAGE PAYMENT $1,894 plus Maintance $1,355 = $3,230 (monthly interest of $1,445.25 plus tax exempt portion of maintenance of $732 = total tax deduction of $2,177) At a tax rate of 25% the monthy savings would be $544.33 Total Gross Monthly Cost: $3,230.24 Estimated Monthly tax savings $544.33 Estimated total tax adjusted monthly cost $2,685