Iron Lofts is Flatiron’s newest boutique development with just 6 full-floor, classic condominium lofts in the neo-industrial heart of the Ladies’ Mile Historic District. Fully renovated and carved from a landmarked 1909 Renaissance Revival apparel building, this new portfolio of statement homes warmly embraces its history, punctuated by Scandinavian design principles of simplicity, function and textural blends. The Fifth Floor loft is the final unit released - 2082 square feet of architectural perfection beginning with a private key-lock elevator leading to the gracious entry foyer and onward to a grandly-proportioned living area. Wide-planked floors of smoked oak stretch to oversized south-facing windows and continue paneling the walls beneath adjustable recessed cove lighting. An open kitchen offers top-of-the-line appliances from Miele and Sub-Zero and are tastefully incorporated into locally-milled cabinetry. Spacious bedrooms including a lavish primary suite, each include serene en-suite baths and generous closet space outfitted with custom millwork. A third full bathroom accommodates guests, attired in penny tile, granite, and glass. Additionally, a perfectly proportioned home office, den or media suite offers separation and privacy. All homes include private laundry rooms with sink and linen storage. Central air conditioning. Oversized new windows. 24-hour remote monitoring and secure package delivery is coordinated via virtual lobby attendant, offering convenience and security with the utmost of discretion. Moments from Fifth Avenue shopping, transit, and Madison Square Park. A special and rare offering of timeless elegance. The Complete Offering Terms are available in an offering plan available from Sponsor. File no. CD-210292. Equal Housing Opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,295,000
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 | $2,636,000 | $2,636,000 | $2,636,000 |
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 | $2,897 | $2,897 | $2,897 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,967 | $16,445 | $22,066 |
Total Monthly Payment | $17,989 | $19,467 | $25,088 |
* 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.