New York (Fulton/Seaport), NY, 10038 | $750,000
Oversized Fulton/Seaport Investment Studio with Dependable Tenant in Place
A sun-splashed 1-bathroom studio with a tenant in place until June 2025, this 725-square-foot condo is an incredible investment opportunity to generate immediate monthly income and own the largest studio in the city.
This lovely home is nestled in the desirable Fulton/Seaport neighborhood, close to FiDi, Oculus, the East River Promenade, and exciting dining and nightlife options. With a monthly rent of $3, 650, the unit has an appealing net cap of 2. 3% and a gross cap of 5. 8%.
Interiors are spacious and bright with soaring 11-foot ceilings and oversized tilt-and-turn windows with Low-E glass and vibrant southern exposure. Porcelain tile floors run throughout, and custom Rossetto closets offer abundant storage.
The open-plan kitchen boasts an eat-in peninsula, White Blizzard Caesarstone countertops, custom zebra wood cabinetry, and appliances from Liebherr, Optima, Gaggenau, and Miele.
The bedroom alcove allows for separate living and sleeping areas, and the luxurious bathroom features double sinks, wall-mounted faucets, and a walk-in rainfall shower. The home has central heating and cooling, an in-unit washer and dryer, and a huge storage unit downstairs.
The District is a luxury condominium nestled in the heart of Downtown Manhattan. Residents enjoy 18, 000 square feet of amenity spaces that include a state-of-the-art fitness center, yoga studio, steam, and sauna rooms, a pool and Jacuzzi, a billiards room, and an expansive rooftop terrace with lush plantings, multiple seating and lounge areas, and tranquil reflecting pools. The building has a full-time staff and is moments from dozens of restaurants, bars, cafes, and shops.
City Hall Park, FiDi, Oculus Center, and Piers 15, 16, and 17 along the East River Esplanade are nearby. Accessible subway lines include the 1, 2, 3, 4, 5, 6.
Pets are welcome.
Access times:
Wednesday and Friday 10am-12pm
Saturday and Sunday 9am -11am
APPOINTMENT ONLY
Features
- Town: New York
- Levels: 10
- Amenities: Sauna
- Rooms: 2
- Bedrooms: 1
- Baths: 1 full
- Laundry: Building Other,In Unit
- Complex: DISTRICT
- Year Built: 1940
- Common Charge: $1,119 Monthly
- Approx Sq. Feet: 725
- View: City
- Pet Policy: Building Yes,Yes
- MLS#: RPLU-1032522903948
- Days on Market: 260 days
- Website: https://www.raveis.com
/prop/RPLU-1032522903948/111fultonstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Serhant Phone: (646) 480-7665
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888.699.8876
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
New York (Fulton/Seaport), NY, 10038
$750,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 | $600,000 | $600,000 | $600,000 |
| 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 | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,093 | $3,988 | $5,060 |
| Total Monthly Payment | $4,185 | $4,080 | $5,152 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535