One Bed in Chelsea Plucked Straight Out of Paris
Welcome home to this beautiful Parisian sanctuary on one of the most desirable blocks in the heart of Chelsea. On the corner of 9th Avenue and 23rd Street, apartment 4E at 405 West 23rd has been completely gut renovated and redesigned by Andre Mellone at Studio Mellone with not one detail overlooked or expense spared.
From the large entry foyer with an oversized coat closet, enter the southern- and eastern-facing corner living room. Custom built-ins span one side of the living room, while a designated dining area which comfortably seats 10 flanks the other. Just off the dining area, the kitchen features black Calacatta marble, a Miele appliance package complete with dishwasher, Waterworks fixtures, and custom cabinetry.
The windowed bathroom-directly off the foyer and facing south-features a double sink marble vanity, Waterworks fixtures, and elegant deep blue subway tile. While the oversized bedroom has a huge walk-in closet, two large windows looking south onto 23rd Street, and comfortably fits a king bed with bedside tables and room to spare.
The apartment also features hardwood floors throughout, nine oversized casement windows, and through-wall air conditioning. Pre-war details have been maintained through the coffered ceilings and trim detailing. All of these features create a perfectly modern apartment with an aura of timeless sophistication.
405 West 23rd Street in the London Terrace Towers is an iconic pre-war elevator coop with full-time doorman, an on-site resident manager, swimming pool, health club (with saunas & steam room), parking garage, roof deck, courtyard gardens, laundry, bike room, and storage. Gas, electric, pool, steam room, and sauna, are all included in the maintenance, while the gym and the parking garage are managed by a third party. Co-purchasing, gifting, and pied-a-terre are all allowed. Subletting is allowed after one year of ownership. The 2% flip tax is split evenly between the buyer and the seller.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,060,000 | $1,060,000 | $1,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,936 | $6,527 | $8,802 |
Total Monthly Payment | $6,061 | $6,652 | $8,927 |
* 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.