Perched high on the sixteenth and seventeenth floors of iconic One Fifth is this exquisitely renovated “turn-key” duplex featuring a spectacular terrace overlooking Lower Fifth. Completely transformed in 2020, this home – currently configured as a 2-bedroom but flexibly convertible to a 3 – offers a perfect balance of classic style and modern functionality in the heart of Downtown. As you enter the duplex’s first floor, you’re welcomed by the light washed hardwood floors that set the tone for the home’s sophisticated renovation. Custom millwork and recessed art lighting add a layer of refinement throughout the space, highlighting the exceptional craftsmanship. The expansive planted terrace stretches the full width of the apartment, providing a serene outdoor retreat with open views to Hudson Yards and beyond. The modern kitchen is a culinary masterpiece, featuring top-of-the-line Miele appliances and statuary marble countertops. Upstairs, you will find the home’s well-proportioned two en suite bedrooms with dedicated baths. The primary suite features a walk-in closet and a spa-like primary bath is clad in luxurious Thassos tile and Kallista fixtures. A state-of-the-art four-zone HVAC system completes this one-of-a-kind turn-key offering. Originally a hotel, 1 Fifth Ave is an Art Deco and modern building designed and built in 1927 by architect Harvey Wiley Corbett. This white-glove cooperative is fully staffed, allows pied-a-terres and up to 3 years of subletting is allowed after 18 months of ownership. Up to 65% financing is permitted. 1 Fifth overlooks Washington Square Park in the heart of historic Greenwich Village and the start of iconic Lower Fifth Ave, one of Manhattan’s most coveted locations with some of the city’s best dining, culture, and shopping. There is an ongoing operating assessment for $314. 33 per month.
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$4,995,000
William Raveis Real Estate
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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 | $3,996,000 | $3,996,000 | $3,996,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,689 | $24,930 | $33,451 |
Total Monthly Payment | $22,814 | $25,055 | $33,576 |
* 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.