Bathed in sunlight from its south-facing orientation, this charming alcove studio, easily convertible into a one bedroom, epitomizes the ideal home checklist! Featuring exquisite wide-plank wood flooring, this apartment presents a well-designed layout with a spacious sleeping area fit for a king size bed, along with ample space for relaxation, dining, and your remote work setup. The kitchen, adorned with paneled accents, showcases a natural stone breakfast bar and top-of-the-line appliances, including a Bosch dishwasher, Kitchen-Aid stainless steel range, and Sub-Zero refrigerator. The elegant stone-tiled bathroom offers a luxurious deep soaking tub and a generously sized vanity. Natural light floods through the windows, each adorned with Hunter Douglas power blinds, seamlessly integrating convenience with style. Additionally, a convenient pull-down screen enhances one of the windows, adding versatility to the space. With multiple closets offering ample storage, you will also find space for all your belongings effortlessly. 225 Rector Place is a full-service luxury condominium and is known as an elite Battery Park City residence. Amenities include a thoughtful concierge, one of the best rooftop decks in Manhattan with a cabana room and barbecue grills, an indoor pool with a separate steam room and showers, a state-of-the-art fitness center, valet services, laundry room, and a children playroom. Conveniently located near major subway lines (1, R, 4 and 5) and minutes away from the PATH and WTC Transport Hub (4, 5, A, C, E, J, R, W, Z, 2, 3), 225 Rector provides easy access to all parts of NYC and NJ. The residents also enjoy proximity to trendy restaurants and bars in the Downtown, TriBeCa and SoHo areas as well as to Whole Foods, Le District and Gristedes for all the grocery needs.
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Our Executive Mortgage Banker:
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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 | $532,000 | $532,000 | $532,000 |
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 | $3,539 | $3,536 | $4,561 |
Total Monthly Payment | $3,631 | $3,628 | $4,653 |
* 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.