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Horizon House
Co-op
Horizon Rd, Fort Lee
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32 Acres property
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Pools, Tennis courts and walking trails
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24-hour doorman service and security staff
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Studio, 1BR, 2BR, 3BR &
Penthouses
• March 1961 – ground breaking
• July 1962 – Building 1 opens
• December 1962 – Building 2 opens
• 1963/64 – Buildings 3 and 4 open
• 1965/66 – the North Tower is built
• 1967/68 – the South Tower is built
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Buyer's Finance Calculation |
| selling
price |
168,000 |
| must
have 25% down payment |
$42,000 |
| mortgage
amount |
$126,000 |
| your
monthly mortgage @ 6.25% for 30yrs |
$776 |
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maint.
fee (incl. real estate taxes, ALL utilities, u/l
mortgage) |
$1001 |
| monthly
mortgage + maintenance fee |
$1777 |
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4:1
ratio { Income >= 4 x 12 x (mortgage+ maintenance
fee)} |
$85,300 |
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Without any other debts
such as car loan, student loan, credit card
debt,
you need to make approximate
$85,300/year salary
to be qualified by
co-op board. |
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Didn't get it? Don't worry, click here to do some math... |
If
you pay all the cash, without mortgage,
without
any other debts,
you only need to make $1000x12x4=$48,000/year
to be qualified by co-op board |
*** Information deemed
reliable but not guaranteed ***
*** The information contained herein is for illustrative purposes
only *** |
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Four Horizon |
Lobby |
Entrance Foyer |
Living Room |
Dining Area |
Kitchen |
Full Bath |
Bedroom |
Tiled Terrace, with Awning |
Buses to NYC |
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Approximate 843 SF |
