New York (Midtown East), NY, 10022 | $255,000

Enjoy all the benefits of an elegant PIED-A-TERRE offering five-star hotel amenities for 28 days each year without the expense of full-time ownership with this fractional timeshare opportunity.

This fully furnished FRACTIONAL TIMESHARE OWNERSHIP Residence is deeded real estate, with ownership that entitles you to 28 indulgent days in a luxurious 2-bedroom/3-bath residence at The St. Regis each year, or up to 49 days depending on usage patterns of your residence. Alternatively, you may allocate some of your time through the Interchange Program at another participating Residence Club property, such as the St. Regis Residence Club in Aspen or the Phoenician in Scottsdale, Arizona. Other usage options permit the owner to exchange nights for Marriott Rewards Bonvoy points that can be used for flights or stays at other Starwood and Marriott Hotels & Resorts around the world.

The designated Fixed Week for this offering is Week #29 which is July 22 - July 29 in the current year. . The Fixed Week is guaranteed, unless you choose to exchange that week in any given year.

This residence offers an elegant split-bedroom, three-bathroom layout with butler pantry set across 1, 290 square feet of expansive space. Swaths of marble and fine furnishings are your constant backdrop in this sophisticated residence.

The incomparable St. Regis Hotel is a New York City icon known for its unbridled luxury, white-glove service and five-star amenities, including full-time doorman, twice-daily housekeeping and the renowned 24-hour St Regis butler service, a newly expanded fitness center, salon, Astor Court Restaurant, and the iconic King Cole Bar. Set at the corner of Fifth Avenue and 55th Street, residents enjoy immediate access to world-class shopping along Fifth and Madison Avenues; world-famous New York institutions including the MoMA, Central Park and Rockefeller Center; and some of the world's best dining.

The video was shot in a similar Residence and showcases the fine finishes and furnishings found in all St. Regis Residence Club homes.

Features

  • Town: New York
  • Heating: Central
  • Cooling: Central Air
  • Levels: 20
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 3 full
  • Lot Size: 249.500000x100.420000
  • Laundry: Building Multiple Locations,Common Area
  • Year Built: 1903
  • Common Charge: $2,480 Monthly
  • Approx Sq. Feet: 1,290
  • Est. Taxes: $3,768
  • Pet Policy: Building No,No
  • MLS#: COMP-993388883844936
  • Days on Market: 912 days
  • Website: https://www.raveis.com
    /prop/COMP-993388883844936/2e55thstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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New York (Midtown East), NY, 10022

$255,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $204,000 $204,000 $204,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.841% 7.159% 6.518%
Monthly Tax Payment $314 $314 $314
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,357 $1,356 $1,749
Total Monthly Payment $1,746 $1,745 $2,138

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.