Newly Renovated Designer Loft Previously featured on HGTVs “Small Spaces Big Style, ” this architect designed loft combines tremendous style with maximum functionality. The dramatic 11-foot ceilings allow for a smartly designed cantilevered lofted bed with built in storage drawers and shelving. The apartment is completely move-in ready with renovations including new hardwood floors and newly installed custom window treatment in the living area. The kitchen features new designer cabinetry and quartz counters with a full quartz backsplash. The range and microwave are also new - waiting for you to be the first to use them. To top it off, new lighting was added and the a/c unit replaced this year to ensure year round comfort. This south facing apartment has an abundance of natural light and serene tranquility from city noise. The floor plan offers a separate area for dining or home office. A pristine bath features beautiful tiling throughout. Additional apartment amenities include customized closets and integrated storage throughout. Most of the furniture can be included in the sale, making this a truly turnkey home! The Foundry, a pre-war converted factory building, offers a newly designed planted roof deck, common laundry facilities, bike room, storage, video intercoms and a resident superintendent. Convenient amenities nearby include a grocery store across the street. Neighborhood hot spots include the Union Square Market, Pete’s Tavern, Friend of A Farmer, Casa Mono and much more! Nearby trains include 6, N, R, and W at 23rd street and the L at 1st Avenue. This flexible pet-friendly CONDOP allows in unit washer/dryers, guarantors, parents buying with/for children, pied-a-terres, and unlimited subleasing after one year. Live/Work is OK. Cable/Internet provided for only $55 per month (additional charge). Up to 80% Financing. 2% flip tax in place. Monthly assessment in place of $351. 25 through September 2025.
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Our Executive Mortgage Banker:
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$565,000
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 | $452,000 | $452,000 | $452,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,083 | $3,004 | $3,812 |
Total Monthly Payment | $3,175 | $3,096 | $3,904 |
* 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.