SHOWINGS BY APPOINTMENT! Step into a meticulously designed mint condition 1 bed 1 bath condominium where sophistication meets convenience. Apartment 10S boasts soaring 10"8" foot ceilings and 5 oversized double-paned windows offering a northern exposure with views overlooking the building's landscaped gardens.
The open layout seamlessly integrates the living, dining, and kitchen areas, creating an ideal setting for both relaxation and entertainment. The apartment features hardwood floors, an abundance of closet space, and an enormous chef's kitchen with bar seating. The king-size bedroom easily accommodates an additional seating area or home-office set-up.
Outfitted with Lutron light fixtures, central A/C through Climate Master PTAC units, and in-unit laundry closet.
The apartment trades with a deeded storage cage (Cage Number #10S).
The iconic Chelsea Mercantile pre-war building embraces the perfect blend of luxury and is notorious for its excellent service and very low monthly common charges and taxes. Indulge in the numerous amenities including a newly renovated lobby, 24-hour doorman, state of the art gym, bike storage, cold storage, and roof deck (currently undergoing renovation).
The building offers onsite 24 hour parking garage with direct building access, playroom, and a Whole Foods market. Wired for Verizon/Spectrum, residents can enjoy high-speed internet connectivity with additional benefits for Verizon cell plan subscribers. Pied-a-terre, subletting, guarantors, co-purchasing, and corporate ownership allowed. Pet-Friendly.
Ongoing capital assessment of $171. 71 monthly and special assessment of $574. 64 monthly through June 2025 for upgrading the elevators and renovations to the incredible city view roof deck.
With nearby access to public transportation (1, C, E. F, M, Path Train and crosstown Select bus service) and a plethora of local amenities, the best of Chelsea and the city are right at your doorstep. Enjoy the bustling energy of city life while still indulging in moments of tranquility amidst the picturesque streets and parks. Schedule your viewing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,650,000
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 | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,703 | $8,452 | $11,228 |
Total Monthly Payment | $7,828 | $8,577 | $11,353 |
* 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.