Occupied unit. This is a wonderful INVESTMENT opportunity for a great price, inside the magical Gramercy Park streets!
Apt 4E is a gut renovated studio in an intimate 5 story, pre-war condominium building. Only 800/month in carrying costs, and rents in high 2, 000's. Current lease (til August 2025 at 3050/month)
This special gem is sun-filled with open east exposures, new chef's kitchen and bathroom and ample, fitted closets with small lg WD . The kitchen has a dw, and gorgeous tall fridge w/ice-maker. The custom cabinetry and granite counter top make it a chef special. The bathroom is glass and porcelain with extra large medicine cabinet and a teak shower seat. The place packs a wallop and can fit a house-full of furniture. Brand new thru wall Air Conditioner just installed.
151 East 20th Street is in a prime location between the historic Irving Place and 3rd Avenue. It is 1/2 a block from the park, easy to get to Bowery, downtown, Chelsea, Trader Joe's, Union Square, all transportation, educational facilities, shops and restaurants. This incredible find is in the most vibrant of neighborhoods. The building has an elevator, security intercom, and a visiting superintendent from 34 Gramercy.
151 East 20th is pet-friendly , allows pied a terre, PARENTS purchasing for kids, and it is fully INVESTOR-friendly !!! There are 24 units, mostly studios, and most of them are investor, rental units. They do very well. And rent very easily.
Will consider a reasonable CASH offer and make MONEY from day one.
Can not show due to tenant. In the meantime please enjoy our video. ( Broker/owner )
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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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.161% | 5.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,912 | $2,870 | $3,758 |
Total Monthly Payment | $3,004 | $2,962 | $3,850 |
* 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.