RESIDENCE Discover an exquisite south-facing loft that epitomizes luxury and elegance. This residence is sheer perfection. This 1, 196 +- square foot home features two bedrooms and two bathrooms, flawlessly blending classic architectural elements with modern comforts and elegant design creating a warm, minimalist space. Highlights include a wall of oversized windows, 11-foot ceilings, custom cabinetry throughout, and recessed lighting, creating an inviting and sophisticated ambiance. Upon entry, a welcoming foyer leads to the kitchen, equipped with top-of-the-line Bosch, Miele, and Asko appliances, and adorned with custom wood cabinetry. The intimate dining room seamlessly transitions into a spacious living room filled with abundant natural light and perfect for entertaining and relaxation. The large primary suite boasts a marble ensuite bathroom and is tucked away allowing for a secluded sanctuary featuring custom built closets and a luxurious marble bath. A comfortable, light-filled office space is conveniently located between the primary suite and the living room. A second bedroom with ample custom cabinetry and an elegant second bathroom completes the layout. Additionally, the apartment includes a large storage bin that transfers with the property. BUILDING Originally built in 1880 as a commercial manufacturing building, the Spears Building was converted into a full-service condominium in 1996. It comprises approximately 30 loft residences within a six-story boutique building. Amenities include a beautifully landscaped common roof deck, a full-time building manager, and a seven-day doorman service from 8 AM to midnight. This condominium is known for its low common charges and taxes. The condo recently underwent a modernization project, resulting in a brand-new elevator, updated building mechanicals, a newly restored facade, a new roof, and an updated entrance. There is an on-going assessment of $625. 00 for this unit. The coveted location and exceptional building staff make this one of the most desirable buildings in the neighborhood. Steps from the Hudson River Park, Chelsea Piers, Chelsea Market, the best galleries, restaurants and shopping
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,750,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,200,000 | $2,200,000 | $2,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,319 | $13,546 | $18,269 |
Total Monthly Payment | $12,444 | $13,671 | $18,394 |
* 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.