New York (Chelsea), NY, 10011 | $10,995,000

Presenting 525 West 22nd Street, 3AF, a rare combination loft spanning nearly 6, 000 square feet in The Spears Building, one of West Chelsea’s original full-service condominium buildings. Combining two lofts to create the largest home in the building, Residence 3AF offers 5 true bedrooms, 4 full bathrooms, and multiple versatile spaces to customize as your own. High ceilings, original details, and three generous exposures - including views of The High Line - make this a unique opportunity for the buyer seeking volume, light, and character. The apartment highlights the rich industrial history of the building with exposed brick, brushed concrete and brick framed large windows, and high ceilings throughout. Keen updates, such as central air conditioning and refinished hardwood floors, were completed without disrupting the high ceilings or marring the storied character. Through a proper foyer, and one of two entrances, the great room spans over 39 by 20 feet with a wood burning fireplace and sunny south exposure. The oversized chef’s kitchen features a white marble island, top-of-the-line stainless steel appliances, including a Viking range/oven and a double door Sub Zero fridge. Abutting the kitchen is an enormous pantry room with a wine fridge and additional prep counter space, in addition to significant built-in storage. Adjacent to the kitchen you’ll find the three flexible spaces currently configured as a semi-enclosed den area, a soundproofed recording studio, and a windowed study. A grand 50-foot gallery leads to the second wing of the home, anchored by the massive, 30’ by 30’ living room with a second wood-burning fireplace and sunlit northern views across The High Line Park. There is also a separate entrance for this wing of the home. On the northwest corner, the principal suite is oversized and includes both a walk-in closet and a windowed dressing room, ample space for the most expansive wardrobe. Past the vanity area, the ensuite bathroom includes dual sinks, a soaking tub and separate double-wide shower. Two additional bedrooms, each with a corresponding full bathroom and large closets, plus a large linen closet, flank the primary. The east wing has two additional true bedrooms, each with large closets, that share the fourth full bathroom. The laundry room, a flexible lounge or study space, and a media room/home theater complete this wing of the loft. Building amenities include a doorman, a superintendent, a furnished roof-deck, storage units and bike storage. Located in the heart of the West Chelsea Gallery District, West 22nd Street is a serene block moments from The High Line Park, Hudson River Park and just a short distance to Hudson Yards. Taxes represent the amount after the NYC co-op/condo abatement. There is an assessment of $3, 465/mo through March 2025. Co-exclusive with SP Realty.

Features

  • Town: New York
  • Heating: Central
  • Cooling: Central Air
  • Levels: 6
  • Rooms: 12
  • Bedrooms: 5
  • Baths: 4 full
  • Lot Size: 197.500000x98.750000
  • Laundry: Laundry Room,See Remarks
  • Year Built: 1930
  • Common Charge: $6,738 Monthly
  • Approx Sq. Feet: 5,971
  • Est. Taxes: $65,364
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: COMP-166389130338107
  • Days on Market: 71 days
  • Website: https://www.raveis.com
    /prop/COMP-166389130338107/525w22ndstreet_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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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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New York (Chelsea), NY, 10011

$10,995,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $8,796,000 $8,796,000 $8,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $5,447 $5,447 $5,447
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $49,255 $53,445 $72,455
Total Monthly Payment $54,827 $59,017 $78,027

* 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.