118 East 25th Street, #PH, New York (Kips Bay), NY, 10010 | $6,500,000

This extra wide, 4, 000SF penthouse loft with private roof is located at the crossroads of Gramercy, Flatiron and Nomad and offers a myriad of lifestyle possibilities. Currently set up as a dramatic 4BR penthouse residence with rooftop terrace plus a large separate sky-lit studio, this versatile property strikes the perfect balance between live and work, or, can be completely reimagined to create one of Downtown's most extraordinary penthouse homes!

Step off the key-locked elevator to a private landing where separate entrances lead to both the residence and the private studio. Upon entering the residence, a foyer leads to a breathtaking 40-foot wide Living/Dining room bathed in natural light with 11-foot beamed ceilings, gorgeous slate floors, a working fireplace and unobstructed views of midtown Manhattan from a wall of double glazed windows. Just beyond, you'll find the large windowed chef's kitchen with abundant cabinetry and professional stainless steel appliances. Nearby, a comfortable den easily converts to a bedroom, while a separate hallway leads to two bright bedrooms and two full bathrooms. Off the living room, a wide curved staircase leads up to the sun-blasted penthouse level currently used as a primary bedroom suite replete with a full bathroom and access to a large private roof terrace with multiple seating areas and sweeping views of the Chrysler Building and the city beyond. Completely separate from the residence, dual entrances lead a large dramatic sky-lit studio with two bright exposures and access to a separate kitchen. This wonderful space is completely independent or can be joined with the main residence to create a magnificent six bedroom home. The options are endless! Additional amenities include multi-zoned central air-conditioning, a vented washer-dryer, tons of storage space and custom lighting on dimmers throughout.

Built in 1912, and converted to cooperative in 1981, the 12-story steel and concrete building features a dramatic lobby, a key-locked passenger elevator and separate freight elevator, an on-site superintendent Monday-Friday, and a Butterfly virtual doorman system compatible with your smart phone, allowing you to communicate remotely with vendors, accept packages and provide access for guests. And of course there's the convenient location right off of Park Avenue, in close proximity to the neighborhood's best restaurants, shopping, Eataly, Madison Square Park and all modes of public transportation. A unique and flexible offering with the best that New York has to offer right at your doorstep!


Shown by appointment only


Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 12
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Year Built: 1912
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Keyed Elevator
  • Service Level: Video Intercom
  • LobbyAttendant: No
  • OLR#: RPLU63223045163
  • Days on Market: 54 days
  • Website: https://www.raveis.com
    /prop/RPLU63223045163/118east25thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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118 East 25th Street, #PH, New York (Kips Bay), NY, 10010

$6,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $5,200,000 $5,200,000 $5,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $29,119 $32,017 $43,181
Total Monthly Payment $29,244 $32,142 $43,306

* 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.