LIVE/WORK SPACE – AVAILABLE PARTIALLY FURNISHED OR UNFURNISHED Welcome to 253 W 28th St, Unit #5, a full-floor loft spanning approximately 5, 500 square feet. This space offers a flexible layout that accommodates various configurations, including multiple office spaces and/or bedrooms. It features two full bathrooms and a powder room. Notable renovations include brand-new, soundproofed flooring in the living, dining, and studio areas—perfect for hosting events or entertaining. The space is currently utilized as a private dining club and office. Access your loft via a private elevator landing, leading to a massive great room with exposed brick and eastern exposure—ideal for gatherings and events. Off the great room, you'll find four bedrooms. The primary suite includes a spacious walk-in closet and a media room with original tin ceilings. The corner bedroom boasts a wood-burning fireplace, while the ensuite bathroom features a jacuzzi tub, heated floors, abundant natural light, and a large shower. Adjacent to the great room is a gourmet chef’s kitchen equipped with high-end appliances. Beyond the kitchen, you'll find a bright, southern-facing studio. The designated studio area is bathed in natural light and includes its own private bathroom with privacy glass. Located in the heart of Chelsea’s Fashion District, across from the Fashion Institute of Technology and between 7th and 8th Avenues, this artist loft is part of a long-established art and photography cooperative building.
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Our Executive Mortgage Banker:
Our Insurance Division:
$28,500
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 | $22,800 | $22,800 | $22,800 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $156 | $152 | $192 |
Total Monthly Payment | $231 | $227 | $267 |
* 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.