Welcome to this luxurious, cool and chic Lower East Side Condo with two bedrooms and two bathrooms with amazing open New York City views with a special focus on the Empire State Building. Contemporary elements, such as finished exposed concrete 10’ ceilings and industrial style oversized casement windows, alternate with tasteful high-end fixtures, warm color tones. The apartment is fitted with stunning wide plank white oak flooring throughout adding another level of luxury to the unit. The overall result will give you an immediate feeling of home, style and comfort. The sundrenched apartment with great park and city views flows into a generous open-concept kitchen, dining and living room. The custom designed Nero Marquina black marble kitchen is equipped with an eat-in peninsula, onyx lacquer soft-closing cabinetry with under-cabinet LED lighting, Summit wine cooler and a suite of fully integrated state-of-the-art Miele appliances including a steam oven, refrigerator, dishwasher, wall oven and 4-burner cooktop for a fully functional culinary experience. The primary suite can fit a king size bed. It features a generous walk-in closet and a beautiful view of the Empire State Building and mid-town iconic buildings. The suite boasts a luxurious bathroom featuring Blue De Savoie Marble floors, a polished Bianco Dolomiti marble walk-in shower and a double sink, all finished with polished chrome Waterworks fixtures. The bathroom is complemented by a custom white lacquer vanity with polished white quartz countertop and a mirrored medicine cabinet. The second bedroom offers great views and good storage space. It is conveniently located across the secondary bathroom, which features a Bianco Dolomiti marble bathtub, polished Waterworks fixtures, mirrored medicine cabinet providing ample storage, and a warm walnut millwork cabinet under the sink that matches with the floor. The apartment is completed with a laundry closet with in-unit Miele stacked W/D and a centralized heating and cooling system. 196 Orchard is a product of the globally acclaimed architect, Ismael Leyva, with interiors designed by INC Architecture & Design. The building is a full-service condominium: has 24H doorman and a resident superintendent, bike storage and 4, 100SqFt of furnished rooftop terrace that features two outdoor kitchens, dedicated dining and entertaining areas to enjoy an incredible 360 degrees city view. Last, but not least, a 30, 000 SqFt two-story Equinox occupies the base of the building with access directly from the lobby that the residents are offered with a reduced membership price. 196 Orchard is conveniently positioned on the South-East corner of Orchard and Houston, making the location one of the hottest of the LES, surrounded by trendy restaurants, lounges, boutiques and cafes and close to several subway lines (B/D/F/J/M/Z). Not to be missed, contact us for an appointment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,450,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,283 | $12,389 | $16,540 |
Total Monthly Payment | $11,408 | $12,514 | $16,665 |
* 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.