Welcome to #10H at the highly desireable Chelsea Mercantile Condominium; A bright & spacious (approx 1, 600 sq ft ) 2 bedroom, 2 bath apartment with 11 ft ceilings, large windows, hardwood floors and a washer/dryer This loft-like apartment has a sprawling living room with 3 oversized north facing windows and an open kitchen , at the far end, oufitted with stainless steel appliances, granite counters, and an island with seating for 3 The bedroom hallway houses a full bath and washer/dryer and nicely separates the bedrooms from the entertaining space. At the end of the hall is the quiet and bright, oversized primary bedroom, embued with a large dressing closet and spacious en-suite bath with double sinks, separate soaking tub and glass shower. The second bedroom has a large closet and is located across from the hall bath. Hardwood floors and exposed brick accents in the living room and 2nd bedroom further enhance this lovely home. The pet-friendly Chelsea Mercantile Condominium was built in 1908 as a fabric factory and was later converted to condominiums. It has a full-time doorman, concierge, valet service for cleaning, storage, gym, childrens’ playroom and a 10, 000 sf landscaped roof deck with magnificent city views! A public parking garage can be accessed from the lobby and pied-a-terres, subletting, guarantors, co-purchasing, and corporate ownership are permitted. Whole Foods is next door and close by are Crumbl Cookie, Eataly, Cosme, JUA, Cecconi's, and Rezdora. Madison Square Park is 2 blocks east and major subway lines are down the block. Please note there is a special assessment of $937. 21/mo and a capital assessment of $280. 06/mo.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $2,040,000 | $2,040,000 | $2,040,000 |
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 | $1,655 | $1,655 | $1,655 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,583 | $12,727 | $17,077 |
Total Monthly Payment | $13,363 | $14,507 | $18,857 |
* 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.