New York (Flatiron), NY, 10011 | $505,000

Welcome to Apartment 4FS at Chelsea Lane - Your Urban Retreat!

First-Time Home Buyers or Pied- -Terre Seekers

As you enter this north-facing space, you'll immediately feel at home. The welcoming foyer leads you into a spacious living area, freshly painted and move-in ready. This versatile space allows you to create a cozy bedroom area while still enjoying a comfortable living/dining area for entertaining.

Key Features:

  • Flexible Living Space: The open layout provides ample space to customize your living and bedroom areas. A hidden gem, the Murphy bed allows for a true living, dining, and entertaining space, maximizing the apartment's functionality.
  • Kitchen: Featuring all-white appliances and solid wood cabinetry, the kitchen is for creating gourmet meals. If you prefer an open floor plan, the wall can easily be opened up, allowing you to chat with guests while cooking.
  • Peaceful Views: 4FS overlooks a beautiful atrium garden lined with trees, offering a serene and peaceful view from your window.

Building Amenities:

  • 24-Hour Doorman & Onsite Resident Manager: Enjoy the convenience and security of a full-service building.
  • Bike Room: Storage for your bike.
  • Tech-Friendly Laundry Room: The laundry facilities are equipped with machines that can be connected to your mobile device, notifying you when machines are available and when your laundry is done.
  • Building Link System: Receive alerts for dry cleaning and package deliveries directly to your smartphone.

Sublet Policies:

Subletting is permitted after five years of residency, with a sublease period of two years.

Chelsea Lane is known for its low maintenance fees and flexible purchasing options, including co-purchasing, parents buying, guarantors, and gifting. The building is pet-friendly (upon approval) and allows pied--terres. Subletting is permitted after five years of residency, with a sublease period of four years. Full financial disclosure and board approval is needed, with up to 80 percent financing available.

Prime Location:

Incredible location just a block away from Union Square Green Market. Ideally located by all major transportation: access by (4, 5, 6, N, R, Q, L, W, F, V, 1, 2, 3, & PATH trains) Easy access to Citi Bikes available on the northeast corner of 16th and 5th Avenues. SHOWN BY APPOINTMENT ONLY!

Features

  • Town: New York
  • Cooling: Wall Unit(s)
  • Levels: 14
  • Rooms: 1
  • Baths: 1 full
  • Laundry: Building None
  • Complex: Chelsea Lane
  • Year Built: 1964
  • Common Charge: $843 Monthly
  • View: Other
  • Pet Policy: Building Yes,Yes
  • MLS#: RPLU-8923080375
  • Days on Market: 100 days
  • Website: https://www.raveis.com
    /prop/RPLU-8923080375/16w16thstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Coldwell Banker Warburg   Phone: (212) 439-4500

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

New York (Flatiron), NY, 10011

$505,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $404,000 $404,000 $404,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,688 $2,685 $3,464
Total Monthly Payment $2,780 $2,777 $3,556

* 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.