Residence 5A is an oversized one bedroom with home office featuring two full bathrooms, airy 10-ft ceilings, oversized casement windows and 7" wide-plank white oak floors. Designed by next-generation firm SHoP Architects, the facade of Essex Crossing softly reflects the surrounding buildings, while capturing an ever-changing dance between past and future.
The gracious open concept living and kitchen space embraces the south exposure and offers warm grey walnut cabinetry with a polished Calacatta marble countertop, backsplash, and kitchen island. Fully integrated, state-of-the-art Gaggenau appliances include a stainless steel 30" five-burner gas cooktop, 30" electric oven, 30" speed oven, refrigerator, freezer and wine refrigerator.
The primary bedroom reveals a spacious walk-in closet and a luxurious en suite bathroom with radiant heated flooring. Alanur honed marble floors and wet walls, Imperial Danby countertops, a custom walnut vanity, and a shower with thermostat and volume regulators are complemented by Duravit polished chrome fixtures. This rare and unique layout offers a separate dining area or home office with a large closet. Off the foyer, the secondary bath also features honed marble floors and tiled wet walls with bathtub. The residence comes complete with a washer and dryer.
242 Broome's extensive, lifestyle-enhancing amenity program includes a full time doorman and concierge, building manager, fitness center, entertainment lounge with kitchen, flex space with billiards and a beautifully landscaped rooftop terrace with outdoor dining. 242 Broome represents a rare opportunity for anyone seeking a modern home in the Lower East Side, one of New York's most storied neighborhoods. The building sits atop the vibrant Essex Market, a unique multi-floor food hall home to dozens of specialty food vendors and eateries. Also close by are many trendy restaurants, bars, cafes, and shops as well as Sara D. Roosevelt Park, the East Village, Little Italy, NoLita, and Chinatown. Nearby subway lines include the B/D/F/M/J/Z.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,595,000
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 | $1,276,000 | $1,276,000 | $1,276,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,245 | $7,961 | $10,682 |
Total Monthly Payment | $7,370 | $8,086 | $10,807 |
* 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.