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517 West 48th Street, #2RW, New York (Clinton), NY, 10036 | $350,000
Discover charming living at an *exceptional value* and low maintenance with this stunning prewar *HDFC* studio, located in the heart of Midtown West. Situated just one easy flight up, this beautiful residence blends classic elegance with modern conveniences. The inviting foyer opens to a separate windowed kitchen, perfect for culinary creativity, while the gleaming hardwood floors and spacious closet add both style and practicality to this thoughtfully designed home.
This is an HDFC middle income building which allows an AMI (Area Median Income) up to 130%. This income restriction is based on family size:
Family Size
1 - $141, 310
2 - $161, 590
3 - $181, 740
4 - $201, 890
5 - $218, 010
Investors and pied--terres are not permitted, as this property must serve as a primary residence. One pet per household is allowed with board approval. No dogs permitted.
The area surrounding *517 West 48th Street* is a hub for vibrant nightlife, culinary delights, and world-class entertainment. Just steps from your door, you can dine at renowned spots like Aejo for inventive Mexican fare and craft tequila cocktails or Chez Josephine, a French bistro with a charming, old-world ambiance. For something more casual, 5 Napkin Burger is a local favorite for gourmet burgers and craft beers. After dinner, enjoy Hells Kitchens thriving nightlife scene at Bar Nine, a popular live music venue, or sip cocktails with stunning views of the city at Sky Room, one of the highest rooftop bars in Manhattan.
Broadway enthusiasts will appreciate being walking distance from top shows like Hamilton at the Richard Rodgers Theatre or Moulin Rouge! at the Al Hirschfeld Theatre. For a more intimate theater experience, Playwrights Horizons showcases cutting-edge Off-Broadway productions. The neighborhood is also ideal for outdoor lovers with Hudson River Park just blocks away, offering serene waterfront walks, bike paths, and recreational piers. Additionally, with access to Times Square and Port Authority subway lines A, C, E, 1, 2, 3, N, Q, R, W, 7, and S, you can easily explore all that New York City has to offer.
Features
- Town: New York
- Cooling: Unknown Type
- Levels: 5
- Amenities: Bike Room;
- Rooms: 2
- Baths: 1 full
- Laundry: None
- Year Built: 1901
- Pet Policy: No Dogs
- Washer/Dryer Allowed: Yes
- Building Access : Walk-up
- Service Level: Voice Intercom
- OLR#: 103362
- Days on Market: 73 days
- Website: https://www.raveis.com
/prop/103362/517west48thstreet_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 Mantus Real Estate
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
517 West 48th Street, #2RW, New York (Clinton), NY, 10036
$350,000
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 | $280,000 | $280,000 | $280,000 |
| 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 | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,401 |
| Total Monthly Payment | $1,938 | $1,936 | $2,476 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535