An early evening wine & cheese open house in Larchmont NY

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:
$779.00 Maintenance
$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.

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