**Seller now offering to pay 1 year of maintenance charges up front ~$30, 000 value** Here it is, a true live/work building! Enjoy a rare and vibrant downtown loft-like apartment with the convenience of Midtown living. With both industrial and pre-war character, and a contemporary and modern feel, this stunning residence boasts over 1, 100 square feet, soaring ~13 foot ceilings, with custom-fitted storage and shelving throughout. The versatility of the design includes high-end custom concrete flooring, which is durable and provides an additional unique style which compliments the sophisticated space. Surrounded by three large expansive windows on the main level, the grand proportions of the space offer a myriad of possibilities. It can be enjoyed as-is – a completely open concept living/dining and kitchen or can easily be converted into a traditional one-bedroom space. Upon entry, you are greeted with a truly charming foyer perfect for a mud room area, mini-gallery or additional storage adjacent to exquisite steel doors opening to a hallway of closets (dressing room area) leading into the pristine bathroom. The open chef’s kitchen is a classic white aesthetic, with white stone counter tops, top-of-the-line stainless-steel appliances, stove with an industrial range hood, European glass cabinets and a complete additional wall of storage with a custom wine vault - and a large pantry with ample storage for all of your kitchen and culinary needs. A beautiful, solid wood floating staircase leads to a 5’9 ceiling loft space, ideal for a private sleeping quarters or quaint and quiet home office space. The sleeping loft is currently used as two home-offices in a comfortable work-from-home environment. Other compelling offerings of this unique home include Simex blinds, recessed lighting, custom ceiling fans, high-tech stereo surround sound, and dimmer control lighting throughout. 529 West 42nd Street is a legal live/work building, the loft may be used for a variety of home and business space combinations. The pet-friendly building has an elevator and a full-time doorman. Co-purchasing, subletting and guarantors can be considered.
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$899,000
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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,861 | $4,254 | $5,924 |
Total Monthly Payment | $3,953 | $4,346 | $6,016 |
* 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.