Ideally situated in the heart of the Flatiron District on East 20th Street between Park Avenue South and Broadway- adjacent to Gramercy Tavern, the 5th and 6th floor duplex at 40 East 20th Street provides the winning combination of breathtaking scale and volume of space, a crisp modern renovation, and the perfect floorplan for today's lifestyle.
Your private elevator opens directly into an impressively scaled room of ideal proportion- a lounge measuring 28 feet long by 22 feet wide, with 20 foot double height ceilings. Flooded with light from two banks of windows, this is a space with unlimited potential for creative use and design. The 18 foot long open kitchen was renovated to perfection and features a six burner Viking stove, Sub-Zero fridge, custom white cabinetry and a 10 foot long quartz waterfall island with seating for four. A separate laundry room with full capacity machines, storage and a walk-in pantry completes this ideal use of space.
The powder room for guests is ideally positioned off the central hall for discreet access. A floor to ceiling pocket door slides to reveal the king size master suite with two custom walk-in closets, one with a window, and an oversized master bathroom clad with Carrera subway tile, double vanity, spacious step-in shower, and linen cabinet and additional storage for you own private apothecary.
A stunning architectural staircase leads to an epically scaled approximately 500 square foot mezzanine loft which overlooks the double height lounge and is the quintessential home office or studio space, screening, or game room. With 9 foot ceilings, this is the missing piece that so many homes are lacking; casual entertaining, or creative functional workspace. Beyond the loft you will find two bright bedrooms each with beautifully renovated en-suite baths, one with a tub, high ceilings, and custom closets.
This impressive duplex home offers elevator access to both levels, multi-zone AC, solid hardwood flooring throughout, cinematic bespoke lighting, visually interesting historic city views, and bathed in all-day natural light. In essence, a private house in a boutique pre-war condominium.
40 East 20th Street is a converted turn of the 20th century industrial printing house and houses 6 private homes, and features a common roof deck, and very reasonable common charges and real estate taxes, three blocks from Gramercy Park, Union Square Park, and Madison Square Park surrounded by world renown restaurants, shopping, and cafes.
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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 | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,159 | $22,166 | $29,895 |
Total Monthly Payment | $20,284 | $22,291 | $30,020 |
* 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.