Must see FULL FLOOR loft with a canvas spanning approx. 4, 000 SF awaits your custom vision! Imagination is the limit of possibilities with the magnificent dimensions and space this pre-war loft offers to create a stunning residence in Flatiron off of Park Ave. One of only 12 units in an elegant pre-war boutique building, the light from the triple exposures on the 8th floor - North, East, and South - coming through 15 huge windows, and approx. 12 foot ceilings provide the setting for a variety of flexible layouts with at least 4 bedrooms, multiple baths, in unit laundry, and the amenities that fit your custom style. All the historic charm is there as you walk through the loft's private and secure keyed elevator entrance. Just bring your architect and vision. While the loft is currently being used as a commercial office space, a new owner has the opportunity to convert its current Commercial Certificate of Occupancy into a residential C/O usage as of right, as many of the lofts in the building have already done, or one can continue to utilize the loft as a Live/Work space. 118 East 25th Street is a pet friendly, self managed building with low maintenance and a flexible sublet policy. Parents buying with or for children, guarantors, and Pied A Terres are all allowed. Max financing is 75%, and there is a flip tax paid by the seller. The building is positioned very conveniently near the 6, N, R, W, a block and a half from Madison Park, minutes from Gramercy Park, and near all the amazing restaurants, markets, and shopping Flatiron has to offer. * SHOWING Tuesdays and Thursdays between 10am and 2pm, and Thursdays between 4pm and 5pm. (24 hours notice and registration required given it is a commercial office). All other showing times Monday-Friday from 10am-4pm outside of the time windows stated above must be requested at least 72 hours in advance. No weekend showings are currently available. ** Some images are virtually staged for visualization and conceptional purposes only. All dimensions and measurements on floorplans are approximate. Please consult an architect.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,500,000
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 | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,898 | $17,240 | $23,251 |
Total Monthly Payment | $16,023 | $17,365 | $23,376 |
* 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.