The Time: Wed Sept. 14 from 5:00-7:30 PM
The Place: 21 North Chatsworth Ave. #3C – Larchmont NY
For more information: Phone – 914-374-5529 Email – [email protected]
Come and see this wonderful unit at Lou Gehrig’s former stomping ground in the Stonecrest of Larchmont. I will be offering wine and cheese (and soft drinks for those who do not wish to indulge) while you tour this amazing large 1 BR unit.
The unit sports a quiet street view – at tree level, a newly renovated bath with separate shower, hardwood floors, high cove ceilings, great views, ample closet space in a doorman building.
Why Rent when buying makes so much sense?
According to the WPMLS – the median price of a similarly sized 1 BR unit in the immediate area was $1625/month It was over $2000 in a coop or condo complex.
The cost of living in Unit 3C of the Stonecrest:
$912.00 monthly mortgage payment*
$1691/month gross outlay – before tax savings:
$1394/month after tax deductions**
* Assumes a 4.5% interest rate on a fixed rate 30 year loan.
** Assumes a top marginal rate of 28% with the above loan. Does not include STAR which will be delayed until the next application cycle.
Note that the calculations regarding tax savings is an approximation. I am not an accountant and don’t even play one on TV! However, this certainly beats renting in terms of total outlay for the space that you get and it’s win-win in that in a world or rapidly rising rents – this stabilizes outlay.