475 FDR Drive, #L1503, New York (Lower East Side), NY, 10002 | $649,000

Luxuriously Appointed Light-Filled Lower East Side 1-Bedroom With Spectacular High-Floor Views

This fully renovated turn-key 1-bedroom offers sweeping high-floor East River and Lower Manhattan views with abundant western light atop beautifully manicured private gardens. The modified floor plan features a redesigned entry with an enlarged kitchen layout, unique to the building and line. Updated architectural appointments throughout the unit include recessed lighting, single-panel frosted glass interior doors with updated door hardware, new flooring and trim, and floor-to-ceiling transitions.

The spacious living area accommodates both seating and dining. Large western-facing windows in both the bedroom and living area provide abundant light throughout the day and allow for stunning city views at night.

The redesigned kitchen beautifully integrates into the living area and features custom cabinetry with deep storage, and all-new stainless steel appliances including a built-in full-size refrigerator, gas stove and dishwasher.

The spa-like bathroom offers all-new fixtures including European-style toilet, wall-mounted sink/vanity, extra-large wall cabinet with a lighted mirror feature, and a glass-enclosed tub/shower.

The co-op is directly adjacent to the completely reimagined East River Park, the newest addition to the east side's two-mile long East River Waterfront Development project. Slated to be fully open by 2025, the 58-acre park complex promises a waterside esplanade with landscaped gardens and open spaces for relaxation and sports activities, a new open-air waterside amphitheater, and sweeping views of the Brooklyn and Manhattan skylines. Plans for a floating public "+POOL" have recently been approved by the city for installation at Pier 35 in 2025. Popular nearby shopping includes Trader Joe's, Target, Essex Crossing and the shops at the Essex Market. The location is convenient to all popular Lower East Side restaurants, entertainment and attractions.

Co-op Amenities Include: Full service staff with full-time lobby attendant
24/7 laundry facility
Fitness Center
Children's playroom and playground
Community room facility
Parking (waitlist)
Additional storage (waitlist)

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 21
  • Amenities: Bike Room; Garage; Garden; Fitness Room; Laundry Room; Nursery; Playground; Lounge;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: East River Housing
  • Year Built: 1953
  • Pet Policy: No Pets
  • Building Access : Elevator
  • Service Level: Attended Lobby
  • OLR#: RPLU850723085341
  • Days on Market: 91 days
  • Website: https://www.raveis.com
    /prop/RPLU850723085341/475fdrdrive_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 Brown Harris Stevens Brooklyn LLC

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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

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475 FDR Drive, #L1503, New York (Lower East Side), NY, 10002

$649,000

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 $519,200 $519,200 $519,200
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 7.477% 7.159% 6.498%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,454 $3,451 $4,452
Total Monthly Payment $3,546 $3,543 $4,544

* 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.