Rare Opportunity to acquire Soho style loft in Gramercy Park! This is priced to sell!
Soho meets Gramercy! First time available in nearly 20 years! Boasting 13-foot ceilings and stunning northern exposure overlooking tree lined 22nd street, Loft 2A offers an unparalleled living experience in one of New York City's most coveted neighborhoods for a savy buyer. Situated on a quiet, tree-lined block, this boutique pre-war condominium presents a rare opportunity to craft your dream loft in the heart of Gramercy Park. The residence has low monthly charges, enhancing its appeal and value. With expansive space and beautiful natural light, this is perfect opportunity to purchase a one of a kind condominium. This home is nestled in a serene location yet steps away from all transportation, premier shops, renowned restaurants, Whole Foods, Trader Joe's, and Eataly. You'll be minutes to Union Square, East Village, Flatiron, and more downtown hotspots. Loft 2A at Gramercy East is your canvas to create one of the most unique homes in Gramercy Park and offers the opportunity to own a prime piece of Real Estate in the heart of Manhattan. Perfect for primary use, pied a terre, or investment property. This has great potential to be an investment property given the very low carrying costs and upside in potential rent this home can command. 2A also has great potential to be converted into a true two bedroom home. Come view this before it's to late!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,227 | $6,862 | $9,555 |
Total Monthly Payment | $6,352 | $6,987 | $9,680 |
* 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.