Beautiful and spacious alcove studio (convertible into a Junior 1 bedroom) Enter through a welcoming foyer with a large closet, leading to an open, sun-filled living/dining area. The sleek, modern kitchen boasts stainless steel appliances, beautiful shaker style cabinets, and gleaming countertops. The bright dining area flows seamlessly into the oversized living space, perfect for a large sofa and a dedicated home office. Enjoy the city views from the southern-facing windows that flood the apartment with natural light and a refreshing breeze. This oasis makes it easy to forget you're in the city that never sleeps. The alcove, currently serving as a bed area, is spacious enough for queen size bed and additional furniture, with a large pass-through closet for extra storage. Want more privacy? Easily create a one-bedroom feel with a bookshelf or pressurized wall. The renovated bathroom, just off the dressing area, offers modern finishes and a touch of luxury with marble tiles. The Gramercy Arms is a top-tier, full-service co-op with a newly renovated lobby, on-site superintendent, 24-hour doorman, porters, and a convenient bike room. Residents also enjoy a beautifully maintained laundry room and a private parking garage (separate fee) with direct access to the building. Pied-à-terre ownership is permitted, and co-purchasing is welcome on a case-by-case basis. With solid financials and a substantial reserve fund, you can feel confident in your investment. Perfectly located just steps from Union Square, Gramercy, and Stuyvesant Park, you'll have easy access to the best shopping, dining, and entertainment the city has to offer. Whole Foods, Trader Joe's, and two Westside Markets are nearby, and commuting is a breeze with the N/Q/R/W and 4/5/6 trains just one block away. Plus CitiBike is right outside your door. It’s an incredible place to call home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$600,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $480,000 | $480,000 | $480,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,193 | $3,190 | $4,116 |
Total Monthly Payment | $3,285 | $3,282 | $4,208 |
* 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.