UNDER $1, 000/sf? Nestled on the border of NOMAD/Flatiron and Chelsea, and moments from Madison Square Park, this wonderful, authentic loft—one of only two residences per floor—is located in the December Artists Apartment Corporation, a pre-war Loft building with soaring 10-foot ceilings and key-fobbed elevator access. This wonderful home is positioned on the south side of the building offering a quiet oasis in the heart of the city, further enhanced by ducted central LUXAIR air conditioning. The entry welcomes you to a 25ft gallery foyer clad in marble. Step down into the vast living/dining room that spans about 31ft x 18ft with multiple large windows and gleaming Cherry wood floors and a wall of custom-built Cherry wood cabinetry. The adjoining open kitchen is an entertainer's dream, truly designed to cater to serious chefs with a large 48" Sub Zero fridge/freezer, vented Thermador 6-burner gas professional range, Miele dishwasher, built-in microwave, Scotsman ice maker with capacity for 30lbs of ice cubes per day, two sinks, custom cabinetry and superb counter space clad in granite and stainless steel. The interior primary bedroom boasts a large customized wall of Cedar closets. Natural light and air are drawn in by a transom window. The ensuite bathroom has a large soaking whirlpool tub, a walk-in shower, (with seven shower heads), and double sinks. The second (interior) bedroom/den or home office is located off the entry gallery, with an ensuite bathroom with a stall shower. An extensive central Phillips Hue lighting (14M hues to choose from) system and a fully integrated Bose/Sonos sound system provide numerous ambiance options, whether entertaining or relaxing. There is an abundance of closets and storage spaces throughout this apartment including a large building storage unit. There is also the convenience of a new vented LG washer and dryer. With just 18 residences, this two-elevator, extremely well-managed and maintained 1907 building has undertaken multiple improvements and upgrades including new windows, allows for up to 80% financing, Pied-a-Terre ownership, parents buying for children, guarantors, and subletting. It also may be used for live/work. Pets are welcome with board approval. The location is convenient to all restaurants, transportation, shopping, galleries, and nightlife, and it is a moment from Penn Station and Hudson Yards to the West. *Please note that the bedrooms do not have windows, but they are fully ventilated, which is quite a common setup in lofts. ** Please note that a current assessment of $658. 98/mo will remain on the monthly charges indefinitely.
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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 | $1,399,200 | $1,399,200 | $1,399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,945 | $8,729 | $11,713 |
Total Monthly Payment | $8,070 | $8,854 | $11,838 |
* 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.