Luxurious finishes and an abundance of space await in Residence 5AE at the award-winning Chelsea Modern. This well-thought-out home offers a flexible floorplan with two living spaces, a dedicated home office, three bedrooms and four full baths. Redesigned with entertaining in mind, the open-layout kitchen features stainless steel and lacquered cabinetry, with top-of-the-line appliances by Subzero, Wolf, Miele & Bosch. Don't miss the extra refrigerated drawers and the wine refrigerator! The southern-facing living space offers custom built-ins & bookshelves and is bathed in sunlight all day. White oak hardwood floors, multi-zone HVAC and custom storage solutions can be found throughout the home.
Tucked away is the primary suite, with a large, custom built-out dressing area, and an en-suite 5-fixture bath with heated floors. Offering privacy and separation, two additional ample sized bedrooms (including the second primary suite with en-suite bath) are located on the opposite side of the home. 5AE also offers a utility room with a sink, folding area and full-size Bosch washer & dryer units. Storage is no shortage, with several walk-in closets and custom built-ins throughout the home, including a second laundry closet with additional washer & dryer units. A deeded storage unit (58) transfers with the sale.
447 West 18th Street is located in the West Chelsea Gallery District, only moments from the Meatpacking District, Highline, Chelsea Market, and Hudson Yards. Designed by renowned architect Audrey Matlock, The Chelsea Modern is known for its angular clear and cobalt-blue glass facade. Building features include a full-time doorman, fitness center with steam room, a landscaped common roof deck and outdoor garden. Advertised taxes include primary residence tax abatement, buyer to independently verify dimensions and square footage.
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William Raveis Mortgage, LLC
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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 | $3,400,000 | $3,400,000 | $3,400,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,841 | $21,490 | $28,691 |
Total Monthly Payment | $19,966 | $21,615 | $28,816 |
* 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.