FANTASTIC 2 BEDROOM OPPORTUNITY AT CHELSEA MERCANTILE
Chelsea Mercantile is everyone's favorite condo in Chelsea. Residence 6H is a well-priced, enormous two bedroom, two bath loft with 11 foot ceilings, large windows and touches of exposed brick. This very special home has only had one owner with very light use and is in excellent, move in condition. As you enter the apartment, you immediately are impressed with the scale of the great room, with generous living and dining areas and an open kitchen which measures over 30' by 17. 5".
The chef's kitchen has stainless steel appliances, an island with a breakfast bar, plenty of room to prep your meals and abundant storage. You would never say there are too many cooks in this kitchen because of the layout and space. The great room faces north with three large windows that allow for constant sunlight though out the day.
The primary bedroom is bigger than a luxury hotel room, 20' by 12'2" and will fit your king sized bed, dresser, seating for morning coffee and a desk. The walk in closet is huge, all outfitted by California Closets and has shoe storage. En-suite luxurious bath has a double sink, deep soaking tub and separate shower. The second bedroom is 18' by 11" and can easily accommodate two twin beds or if you prefer, this could be a wonderful den or home office. Another large full bath off the hallway can also serve as your powder room.
Other additions to note are washer dryer, crown molding, strip hardwood floors, custom lighting, electric shade, exposed brick, custom closets, custom doors and a large storage unit. Chelsea Mercantile has 24 hour doorman, concierge, valet service, renovated lobby, new top of the line gym, soon to be brand new roof deck, children's playroom, laundry in basement and on every floor and direct elevator access garage. Located at Seventh Avenue between 24th and 25th Street, you have Whole Foods in the building, cross town and subway a block away, truly a most convenient location.
There is an ongoing capital assessment of $270 and a special assessment of $905 till June 30, 2025 for roof deck upgrade and elevator upgrades. Local Law 11 has been completed in the past year.
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Our Executive Mortgage Banker:
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$2,425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,940,000 | $1,940,000 | $1,940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,168 | $12,262 | $16,371 |
Total Monthly Payment | $11,293 | $12,387 | $16,496 |
* 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.