SPACIOUS ALCOVE STUDIO IN PRIME CHELSEA LOCATION
250 West 24th Street, Apt 4DW
YOUR HOME
Welcome home to this south-facing alcove studio in coveted, full-service Chelsea Gardens. Among the most desirable studio lines in the building, Residence 4DW is bathed in splendid natural light and features tranquil views of the building’s glorious, manicured gardens. Looking for a fashionable home or pied-à-terre at one of Chelsea’s premiere addresses? Look no further!
YOUR BUILDING
Chelsea Gardens is an attractive, 6-story, 2-building, Art Deco-style complex at 250 West 24th Street and 255 West 23rd Street in Chelsea, and was erected in 1937 around a large central, landscaped garden. The building features full-time doorman, live-in super, elevator, bicycle room, and laundry facilities.
YOUR NEIGHBORHOOD
Located minutes from major subway lines (A/C/E/1) & bus routes, Chelsea Gardens is surrounded by many popular restaurants and boutiques, fitness facilities, art galleries, and neighborhood amenities. The Whitney Museum, Chelsea Market, The Highline, & The Rubin Museum of Art are but a few of the neighbors that enliven this home’s surroundings – not to mention global corporations such as Google, Yelp, & Twitter whose presence makes this not only an inviting neighborhood but an international business hub as well.
KEY FACTS
Pets: Allowed
Financing: 80%
Gifting: Allowed
Co-Purchasing: Allowed
Doorman: Yes; Full Time
In-Unit W/D: Not Allowed
Pied-à-Terre Use: Allowed
Maint. Tax Deduct. : Approx. 50%
Storage: Yes; Monthly Fee (Upon Availability)
Subletting: Permitted After 1 Year Residency
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $510,400 | $510,400 | $510,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,439 | $3,392 | $4,376 |
Total Monthly Payment | $3,531 | $3,484 | $4,468 |
* 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.