Presenting 525 West 22nd Street, 3AF, a rare combination loft spanning nearly 6, 000 square feet in The Spears Building, one of West Chelsea’s original full-service condominium buildings. Combining two lofts to create the largest home in the building, Residence 3AF offers 5 true bedrooms, 4 full bathrooms, and multiple versatile spaces to customize as your own. High ceilings, original details, and three generous exposures - including views of The High Line - make this a unique opportunity for the buyer seeking volume, light, and character. The apartment highlights the rich industrial history of the building with exposed brick, brushed concrete and brick framed large windows, and high ceilings throughout. Keen updates, such as central air conditioning and refinished hardwood floors, were completed without disrupting the high ceilings or marring the storied character. Through a proper foyer, and one of two entrances, the great room spans over 39 by 20 feet with a wood burning fireplace and sunny south exposure. The oversized chef’s kitchen features a white marble island, top-of-the-line stainless steel appliances, including a Viking range/oven and a double door Sub Zero fridge. Abutting the kitchen is an enormous pantry room with a wine fridge and additional prep counter space, in addition to significant built-in storage. Adjacent to the kitchen you’ll find the three flexible spaces currently configured as a semi-enclosed den area, a soundproofed recording studio, and a windowed study. A grand 50-foot gallery leads to the second wing of the home, anchored by the massive, 30’ by 30’ living room with a second wood-burning fireplace and sunlit northern views across The High Line Park. There is also a separate entrance for this wing of the home. On the northwest corner, the principal suite is oversized and includes both a walk-in closet and a windowed dressing room, ample space for the most expansive wardrobe. Past the vanity area, the ensuite bathroom includes dual sinks, a soaking tub and separate double-wide shower. Two additional bedrooms, each with a corresponding full bathroom and large closets, plus a large linen closet, flank the primary. The east wing has two additional true bedrooms, each with large closets, that share the fourth full bathroom. The laundry room, a flexible lounge or study space, and a media room/home theater complete this wing of the loft. Building amenities include a doorman, a superintendent, a furnished roof-deck, storage units and bike storage. Located in the heart of the West Chelsea Gallery District, West 22nd Street is a serene block moments from The High Line Park, Hudson River Park and just a short distance to Hudson Yards. Taxes represent the amount after the NYC co-op/condo abatement. There is an assessment of $3, 465/mo through March 2025. Co-exclusive with SP Realty.
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:
$10,995,000
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 | $8,796,000 | $8,796,000 | $8,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $5,447 | $5,447 | $5,447 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $49,255 | $53,445 | $72,455 |
Total Monthly Payment | $54,827 | $59,017 | $78,027 |
* 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.