227 West 17th Street, #5, New York (Chelsea), NY, 10011 | $4,500,000

Massive full floor loft in the heart of Chelsea, with an incredible 120 feet of southern exposure, open downtown views through fourteen enormous windows, fantastic light and high ceilings. Easily accommodating as many as five bedrooms, and three or more bathrooms, this is one of the rare spaces that is wider than it is deep, a true unicorn in loft living, as it provides maximum flexibility to accommodate your needs.

As you enter this dramatic space from your private elevator your jaw will hit the floor. Impressive as it is beautiful, the sheer scale of this enormous home is truly awe inspiring. With so much flexibility, this is the perfect opportunity for the discerning buyer looking for an ideal blank slate to create their dream home. Seldom will you find nearly five thousand square feet of contiguous space on one floor.

Residents enjoy the convenience of an extra large passenger key-locked elevator, while having a separate freight elevator, both of which have direct access into this muscular loft. Collectors and creatives with large pieces, you simply won't find a better home for your needs. A recent renovation of the lobby yielded a bright modern space with high ceilings welcoming you and your guests into the boutique building entrance.

Incredibly dynamic location moments from world-class galleries, Michelin- rated restaurants, Google Headquarters, the Meatpacking District, Chelsea Piers, the West Village and Union Square, Chelsea Market, the Whitney Museum, and an amazing selection of nightlife and theaters. 227 is a well maintained pet-friendly building.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 8
  • Rooms: 8
  • Bedrooms: 4
  • Baths: 3 full
  • Year Built: 1910
  • Pet Policy: Pets Allowed
  • Washer/Dryer Hookups: Yes
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • LobbyAttendant: No
  • OLR#: RPLU5121981481
  • Days on Market: 676 days
  • Website: https://www.raveis.com
    /prop/RPLU5121981481/227west17thstreet_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 Douglas Elliman Real Estate

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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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227 West 17th Street, #5, New York (Chelsea), NY, 10011

$4,500,000

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 $3,600,000 $3,600,000 $3,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,295 $22,754 $30,867
Total Monthly Payment $21,420 $22,879 $30,992

* 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.