368 Third Avenue, #25B, New York (Kips Bay), NY, 10016 | $2,395,000

Limited Time Incentive: $50, 000 Closing Credit for any 2 or 3 BR contracts signed by November 30th, 2023.

Immediate Occupancy. Please contact us to schedule an in-person appointment or guided virtual tour of our on-site sales gallery and model residence.

Residence 25B is a corner 2 bedroom, 2 bath home that boasts a gracious, split layout and walls of floor-to-ceiling windows. This home features both East and South exposures with breathtaking views of the iconic Manhattan skyline that spans all the way to the Freedom Tower.

VU's light and airy interiors are carefully crafted by renowned interior designer Paris Forino to complement soaring ceilings and panoramic city and East River views. Living spaces in soothing neutral tones with handsome accents create a sophisticated aesthetic. Kitchens at VU imbue a feeling of comfort and convenience. Appointed in a sophisticated and light palette of natural materials such as marble, bleached oak, and white lacquer, outfitted with Miele appliances, they are a chef's dream. Spacious primary bathrooms feel like a tranquil spa getaway with walls clad in oversized soft white marble tiles and an intricate mosaic floor pattern comprising of three different marbles. Sinks and showers are complimented by The Grace Collection, Paris Forino's custom line of faucets and fixtures for Waterworks in polished chrome, produced exclusively for VU New York.

Rising from the center of four of Manhattan's most dynamic neighborhoods-NoMad, Flatiron, Gramercy, and Kips Bay-VU offers a fresh perspective in a supremely convenient setting. The East River Greenway is easily accessible for morning runs and bike rides, whether you are heading Uptown or Downtown. Citi Bike stations dot the neighborhood and the seven subway lines nearby to make any morning commute convenient. The East Side location and its proximity to the Midtown Tunnel makes LaGuardia and JFK airports remarkably accessible.

Designed by SLCE architects, the facade radiates a refined palette of oyster white and warm bronze detailing, a modern compliment to the historically rich neighborhoods that surround it. At 36 stories, the tower punctuates the city skyline and stands tall overlooking Manhattan's East Side. The architecture celebrates New Age Modernism, a design approach that emphasizes a contemporary aesthetic with clean lines, bronze embellishments, and sculpted chevron details. Oversized windows put the city on full display, and special attention was put into creating residences that maximize natural light wherever possible.

With a full floor of vitality and entertaining amenities, VU provides residents with a variety of offerings that are designed to enhance the quality of everyday living. From the fitness center to the screening room, to the lounge and the pantry, Paris Forino designed each space with thoughtful intention toward how New Yorkers live today. The beauty of VU's attended lobby resides in the subtle refinements of European white oak paneling paired with honed Palladium travertine floors. High up on the 36th floor sits the rooftop terrace, where lush greenery and plush furniture invite you to take in unrivaled city views.

The complete offering terms are in an offering plan available from Sponsor. File No. CD 19-0151. Sponsor: 368 Third Owners LLC c/o Minrav Development, 540 Madison Avenue Suite 16N, New York, NY 10022. Equal Housing Opportunity.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 34
  • Amenities: Fitness Room; Exercise Studio; Nursery; Lounge; Party Room;
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: VU
  • Year Built: 2021
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Concierge
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU63220066968
  • Days on Market: 388 days
  • Website: https://www.raveis.com
    /prop/RPLU63220066968/368thirdavenue_newyork_ny?source=qrflyer
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 Brown Harris Stevens Residential Sales LLC

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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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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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368 Third Avenue, #25B, New York (Kips Bay), NY, 10016

$2,395,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,916,000 $1,916,000 $1,916,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,879 $11,953 $16,039
Total Monthly Payment $11,004 $12,078 $16,164

* 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.