Step into the quintessential essence of NYC cool and truly outside the white and glass box of uniformity with this incredible 14 foot ceilinged loft! This magnificent space takes you back to the glory days of artists, designers and intellectuals that filled NYC. Being in excellent condition, you can either move right in or redesign it to meet your personal needs. Presently set up as a one bedroom with an office and a lofted library, the possibilities are endless. The 14' ceiling enables you to make full use of the voluminous amount of cubic square feet allowing for additional rooms. The apartment offers huge oversized windows, beautiful parquets floors, endless and copious storage space featuring two (2) extra large walk-in closets plus an enormous storage loft, large window A/Cs, excellent full kitchen and renovated bath.
The Armory embodies the creative, artistic and dynamic spirit that makes NYC the capital of hipness and cool. Amenities include a designated bike room and a common rooftop deck, Additional features encompass personal storage, a resident superintendent, and 24/7 doorman service with elevator access. Laundry facilities are conveniently located on every floor and pets are permitted with board approval. Situated at 529 West 42nd Street, the building is zoned as a legal live/work space, offering flexibility for residential and business purposes. It welcomes co-purchasing, subletting, and guarantors, providing unparalleled freedom within The Armory. Building policies encompass 80% financing, no flip tax, and minimal rental restrictions, with options for short-term rentals (3 months - 12 months) with no waiting period after purchase as well as accommodations for pets and pied-a-terre's.
All information furnished regarding property of sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.
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Our Executive Mortgage Banker:
Our Insurance Division:
$920,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $736,000 | $736,000 | $736,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,295 | $4,652 | $6,211 |
Total Monthly Payment | $4,387 | $4,744 | $6,303 |
* 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.