Rarely does one come across a home as special as this. Recently gut-renovated to the highest level, Apartment 8A is an impeccably designed 2-bedroom, 2-bathroom loft with nearly 11’ ceilings and western exposures overlooking Fifth Avenue. An inviting foyer leads to the jaw-dropping open eat-in kitchen and great room. No detail was overlooked in the redesign of the kitchen. Featuring integrated, top-of-the-line appliances and fixtures (6-burner Dacor stovetop and oven, Dacor 36" fridge and 24" freezer, Miele dishwasher, and a stainless steel Franke sink with a garbage disposal and Lefroy Brooks faucet and spray), beautiful oak cabinetry, granite countertops, and a chic stainless steel backsplash. Just off the kitchen is a walk-in pantry with granite countertops, a separate sink, and a Zip water filtration system, as well as an extra large storage closet with a washer/dryer hookup. Western light streams into the living room through three oversized windows with the gorgeous original oak casement frames. The stunning primary and secondary bedrooms also face west over Fifth Avenue and get beautiful natural light. Both bedrooms have motorized blackout shades. The primary bathroom is a peaceful sanctuary, with marble flooring, plaster walls, Duravit bathtub/shower and toilet, radiant heated floors, a heated towel rack, and Artos and Lefroy Brooks hardware and accessories. A second full bathroom with a walk-in shower and radiant heated marble floors can be found off the foyer. Other notable features of this top tier renovation include a 3-zone central air conditioning system, new white oak floors, new Skyline windows, recessed lighting, wiring for Sonos in the living room, Forbes and Lomax light fixtures and receptacles, and brushed on lime paint by Domingue Finishes. An added bonus, the apartment comes with a private storage cage located on the same floor. Folio House is an 11-story Beaux-Arts style cooperative that was designed by American architect Robert Maynicke and completed in 1880. The building offers a full-time super and porter, Carson virtual doorman system, gym, keyed package room, common laundry room with new machines, recently renovated hallways, and two elevators in addition to a freight elevator. Located near Union Square and Madison Square Park, the building is a stone’s throw to the best shopping, restaurants, cultural landmarks, and public transportation Downtown has to offer. Please note, there is an ongoing monthly assessment of $244. 10 to replenish the co-op’s reserves.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,333 | $12,452 | $16,709 |
Total Monthly Payment | $11,458 | $12,577 | $16,834 |
* 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.