WOW – SIZE AND VALUE! Don’t let the term “studio” mislead you – this 924sqft loft space + home office is larger than many one-bedrooms on the market, and the additional room can easily turn this into a 1-bedroom dream home. This massive studio faces West and features an art-deco picture window that makes the space bright and airy. The open concept corner kitchen features full-sized GE and Frigidaire appliances and an island counter. The long, usable hallway space provides a lovely separation of living/bedroom/office space that makes the apartment feel like a real home. Convenient inset shelving adds additional storage space for the bathroom that feature marble tiling, full-sized vanity, and soaking tub. The additional room can easily fit a queen-sized bed and other furniture and includes 2 large closets for ample storage. This is a great opportunity to own an apartment home in a luxury condo building that is economical on price but not economical on space!
The Downtown Club at 20 West Street is a landmarked full-service condominium building featuring a 24-hour doorman and concierge service, one of the largest gyms in the Financial District (complete with state-of-the-art equipment, spinning studio, massage room, and steam rooms), a media room, a landscaped garden terrace, and a roof top with stunning panoramic views of NY harbor and beyond.
The Downtown Club is conveniently located near transportation (red, green, yellow subway lines, Fulton Street Hub), bars, restaurants, the new Fidi Whole Foods, World Trade Center, Brookfield Place, New York Stock Exchange, world-class shopping, and Battery Park.
***90% financing is allowed, and the minimum rental term is only 30 days. Pets allowed. ***
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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 | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,699 | $3,695 | $4,767 |
Total Monthly Payment | $3,791 | $3,787 | $4,859 |
* 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.