245 East 25th Street, #17B, New York (Kips Bay), NY, 10010 | $750,000

Gut Renovated Convertible 2BR Sponsor Sale-NO BOARD APPROVAL REQUIRED

Bring your Sunglasses to this Brand New to Market, Gut-Renovated, Junior Four, /Convertible 2BR, Sponsor residence! Take advantage of this rare opportunity to purchase a Junior Four that easily converts in to a two bedroom home, perched high on the 17th floor, with river views and tons of sunshine with open East and Northern exposures. Why pay twice the price for a condo when everything here is Brand New; from the gracious, white oak flooring, to the stunning, Chef's kitchen and windowed bath. The living room and dining area are spacious enough for a separate dining area even if you enclose the second room. Enjoy the convenience and beauty of ample, lovely refinished closets, brand new HVAC units, recessed lighting throughout and plenty of room to live in comfort. No Board Approval! Spruce Ridge House is a pristine 24HR DM co-op, with a great staff including a resident manager, a gorgeous lobby, high speed elevators, a large and modern card-operated laundry room, a planted roof deck boasting jaw-dropping many iconic landmarks including The Empire State Building & river views, a bike room and storage (waitlist. ) Situated in lively and super convenient Kips Bay, just two blocks north of Gramercy, on a tree-lined, residential block, close to everything from Fairway, Trader Joes and Whole Foods as well as a myriad of restaurants, pubs, wonderful Madison Square Park with its many art installations and Shake Shack, plus excellent transportation options, you cannot beat this location. Pet Friendly! Subletting is permitted after two years for up to 3 out of every 5 years upon Board Approval. There is No Board Approval to Purchase this home. Don't Miss.




Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 21
  • Amenities: Bike Room; Garage; Laundry Room; Roof Deck; Common Storage;
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: Spruce Ridge House
  • Year Built: 1965
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: No
  • Building Access : Attended Elevator
  • Service Level: Full Service
  • OLR#: RPLU63223247243
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/RPLU63223247243/245east25thstreet_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 Brown Harris Stevens Residential Sales LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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245 East 25th Street, #17B, New York (Kips Bay), NY, 10010

$750,000

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 $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,992 $3,942 $5,060
Total Monthly Payment $4,084 $4,034 $5,152

* 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.