Located at 230 East 20th Street, The Modern offers a limited collection of 37 one- to four-bedroom residences. Featuring a richly-hued facade and the most contemporary interiors among Gramercy Square’s four buildings, The Modern’s design hallmarks include efficient layouts, clean lines, and a light-infused palette of finishes. This 730 square-foot one-bedroom residence boasts a spacious living room with nearly floor-to-ceiling windows. Italy-based Minimal kitchens pair grounding white oak and white lacquer cabinetry with a polished glass countertop and backsplash. Appliances are top-of-the-line featuring an integrated Sub-Zero refrigerator, Wolf microwave and Bosch dishwasher. A gracious master bedroom features a luxurious bath including Bianco Dolomiti white marble-clad walls and flooring with radiant heat. A custom Minimal vanity features a Kohler sink, and Lefroy Brooks fixtures. A separate utilities closet houses a GE washer and dryer as well as HVAC system with dual heating and cooling year-round. Located just east of historic Gramercy Park, Gramercy Square is a full-service condominium with 223 residences spanning a uniquely configured collection of four buildings. Elegantly seated around landscaped private gardens by M. Paul Friedberg & Partners, the building features an exceptional 18, 000-square-foot amenities suite designed by La Palestra. In addition to an array of spaces that includes a state-of-the-art gym, spa, 75’ swimming pool, residents’ lounge, dining room with catering kitchen, screening room, children’s playroom, and tween room, The Gramercy Club offers stand-out cultural, athletic, and the option of bespoke wellness programming. * Please note that this is a ground floor unit. * The building has 2 parking spots that will be available for rental on a month to month basis. The rate for rental will be $700 for standard car and $1, 000 for SUV per month.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,345,000
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 | $1,076,000 | $1,076,000 | $1,076,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.951% | 6.108% | 5.805% |
Monthly Tax Payment | $1,345 | $1,345 | $1,345 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,859 | $6,451 | $8,863 |
Total Monthly Payment | $7,329 | $7,921 | $10,333 |
* 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.