Design Your Own Loft in a Residential Condominium!
Motivated Seller, Priced to sell!
This spacious loft home spans approximately 1, 639 square feet and boasts ceilings reaching 10-11 feet, allowing an abundance of northern light to flood through nine oversized windows. Currently configured as a generous one-bedroom, one-and-a-half-bathroom layout with a sizable living and dining area, along with a separate laundry room, this loft offers the flexibility to easily convert into two or three bedrooms and two full baths. Featuring true industrial-style aesthetics reminiscent of historic garment district lofts, the space showcases nine factory-style windows, offering a unique canvas for your design vision or collaboration with an architect to create your dream home.
With the potential to create an oasis of tranquility high above Midtown's bustling streets, this unit also includes a spacious permanently assigned storage unit located in the basement, adding convenience without any additional monthly costs. Situated on the twelfth floor with only four units per floor, this loft benefits from central air conditioning and remarkably low monthly condominium fees, well below $1 per square foot, with heat provided by the building and included in the common charges.
Originally designed in 1926 by the Blum Brothers in a Neo Gothic-Deco style, the building was converted to condominiums in 2004. Located at 315 West 36th Street, this condominium building offers a host of amenities including a 24-hour doorman/concierge, a roof deck, and convenient proximity to various transportation options including the A, C, E, 1, 2, 3, R, Q, N subway lines, as well as the LIRR, PATH, AMTRAK, and the reimagined Moynihan Train Hall.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,697 | $7,364 | $9,932 |
Total Monthly Payment | $6,822 | $7,489 | $10,057 |
* 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.