Welcome to Residence PHH at 254 Park Avenue South—a stunning pre-war condo loft that blends historic charm with modern luxury. This meticulously designed 1-bedroom plus home office (or 2nd bedroom), 2-bathroom residence features an additional loft space perfect for extra storage or a cozy sleeping nook. Spanning 943 square feet, this loft boasts 12-foot ceilings and expansive south-facing windows that bathe the space in natural light. Apartment features Nest cooling and heating and blackout blinds on remote in bedroom. Inside, you'll find a range of premium finishes and modern conveniences, including a brand-new in-unit washer/dryer, elegant stone countertops, a Liebherr refrigerator, a Miele hood, and Kohler chrome fixtures. The spa-like bathroom is enhanced by a glass-enclosed shower with a rain showerhead, and dark-stained hardwood floors add a touch of sophistication throughout. Originally constructed in 1913, 254 Park Avenue South is a classic Beaux Arts building with a French limestone façade, now converted into a full-service luxury condominium. Residents enjoy a 24-hour concierge, a live-in resident manager, and an array of amenities such as a state-of-the-art fitness center and the Park Lounge—a 1, 400-square-foot social space featuring a bar, billiard tables, and a poker room. Situated in the vibrant Flatiron District, this location is just steps from Gramercy Park, Union Square, and Madison Square Park. With easy access to the 4, 5, 6, N, Q, R, and L trains, commuting is a breeze. You'll also be within reach of NYC's top dining destinations, including Gramercy Tavern, Casa Mano, Maiolino, Sugar Fish, Yama, ABC Kitchen, and Craft. For your everyday needs, Whole Foods, Eataly, the Farmers Market, Morton Williams Supermarket, and Trader Joe’s are all conveniently nearby.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$8,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $6,400 | $6,400 | $6,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $43 | $43 | $54 |
Total Monthly Payment | $118 | $118 | $129 |
* 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.