Rendering of Embelesar118 at 152 East 118th Street
Embelesar118, a new co-op in East Harlem has received SONYMA approval, meaning that it now qualifies for the New York State Mortgage Agency-backed loans. The property, at 152 East 118th Street, between Lexington and Third avenues, is being marketed by a team from the Corcoran Group, headed by senior vice president Vie Wilson. With the low interest rates and
a fixed-rate mortgage that requires a maximum down payment of 5 percent, one-bedroom units priced at $300,000 can now be purchased with just a $15,000 down payment. The 58-unit property features studios and one- and two-bedroom residences, including several with private outdoor space. TRD
