Indoor-outdoor dreams come true in this Kip’s Bay one-bedroom, one-bathroom co-op featuring beautifully updated interiors and a massive private terrace in a full-service postwar building. Inside this sun-kissed corner unit, ceilings rise nearly 8 feet high over pale wide-plank hardwood floors and wide art walls. The living area provides a generous footprint for seating, dining and office areas. Outside, the expansive 326-square-foot terrace serves as a coveted second living space with plenty of room for relaxing, entertaining, gardening and basking in open-sky city views. Imagine hosting summer barbecues and gameday gatherings in this special outdoor oasis. In the renovated windowed kitchen, rows of white cabinetry, quartz countertops and tile backsplashes surround stainless steel appliances. The breakfast bar peninsula is perfect for casual dining and conversation. Sliding doors reveal a queen-size bedroom and an updated en suite bathroom with a tub/shower, roomy vanity, illuminated mirror and beautiful tile. A large closet and through-the-wall A/C complete this move-in ready home located at the rear of the building for optimal peace and quiet. Tracy Towers is a well-maintained brick cooperative where residents enjoy full-time doorman service, a live-in superintendent, central laundry, storage and a glorious roof deck with gorgeous skyline views. Pets, pieds-à-terre, subletting after two years, co-purchasing and parents buying for children are permitted with board approval. This Kips Bay home enjoys wonderful proximity to Gramercy, NoMad, the Flatiron District, Chelsea and Midtown. The Kips Bay AMC theater, Trader Joe’s and Fairway are nearby, and the outstanding outdoor space of Madison Square, Union Square and Stuyvesant Square parks is just minutes away. Transportation is excellent with 6, N/R/W and L trains, excellent bus service and CitiBikes within easy reach. Current Local Law 11 assessment of $103/mo. *Please note some photos are virtually staged.
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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 | $551,200 | $551,200 | $551,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,760 | $3,663 | $4,648 |
Total Monthly Payment | $3,852 | $3,755 | $4,740 |
* 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.