This is a very unique condo hotel studio at the Dominick at Spring / Varick in Tribeca in New York. #2802 has East/North exposures of Manhattan sky lines.
The pied-a-terre home features a king-sized bed and bathroom with Italian marble soaking tub and separate shower stall. An open kitchenette with refrigerator, full-service breakfast bar and microwave. .
Unit owners are permitted to stay up to 29 days in a 36-day period and no more than 120 nights each calendar year and partake in the building's rental program which is exclusively run by the hotel management. This program allows you to make income while you are not occupying the unit. You receive a detailed statement every quarter showing the number of nights your unit was rented, the rate at which the unit was rented, and the breakdown of fees deducted from the nightly rental income.
The Dominick is located in Soho and close to fine restaurants, shops, art galleries and public transportation.
Residents will enjoy incredible amenities including doorman service, world-class dining, an 11, 000-square-foor spa with fitness center, outdoor pool deck, lounge, business center and more.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,019 | $3,016 | $3,803 |
* 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.