NEW LISTING – FIRST TIME EVER ON THE MARKET SPONSOR OWNED – NO BOARD APPROVAL REQUIRED –
Ask Price of $739, 000 reflects purchase of apartment in its “AS IS” condition. Bring your contractor and your ideas to renovate this one bedroom to your exact specifications and taste!
This sunny, quiet 1 bedroom is located in an established, pre-war, elevator co-op in the heart of Chelsea! Conveniently located to terrific restaurants, cafes & bakeries, Big Box retailers, The Highline, Chelsea Piers, Chelsea Market, The Whitney and major educational and cultural institutions. Located near the A, C, E, F & 1 Train lines.
The Chelsea Arms at 319 West 18th Street, between 8th & 9th avenues, is a very well-maintained six story, 60 unit Coop with a tastefully upgraded lobby and common public halls. Apartment 5H, located on the 5th floor, has wonderful light and some open city and sky views from the apartment’s bedroom.
This Sponsor-owned apartment has been partially prepped — walls and floors are in very good shape. The kitchen and bathroom will require full replacement. The Sponsor is willing to consider renovating these rooms per the new Shareholder’s specs at a separate additional fixed price to be discussed and determined. Or, the apartment can be sold “as is. ”
Classic pre-war details include well-proportioned rooms, high ceilings, and great linear wall space offering ample storage possibilities. The living room can accommodate comfortable furnishings, including a full-sized dining table and chairs. The bedroom will can easily enough to accommodate a queen-sized bed and end tables. Add an armoire or wall-to-wall, floor-to-ceiling custom built-in closets/storage.
The windowed kitchen, can be laid out in an L shape or U shape and await the installation of full sized appliances and ample custom cabinetry — perfect for casual dining for one or two or entertaining a few friends!. The windowed bathroom awaits a major modernization including popping the ceiling up higher and the option of either glazing the existing cast-iron tub or the installation of a luxurious step-in shower, attractive modern tiling, custom contemporary fixtures and lighting throughout !
Heating is provided via a central steam system and a/c units are through the window style.
Subletting is permitted with reasonable limitations, and pets are permitted on a case-by-case basis. Building amenities include a live-in super, a spacious, fully appointed laundry room, storage, and a bicycle room.
Please contact the Exclusive agent to discuss the apartment and bldg. and requirements of a sale. Shown by individual private appointment. Investor purchases will not be considered.
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$739,000
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 | $591,200 | $591,200 | $591,200 |
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 | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,933 | $3,929 | $5,069 |
Total Monthly Payment | $4,025 | $4,021 | $5,161 |
* 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.