Oversized Fulton/Seaport Investment Studio with Dependable Tenant in Place
A sun-splashed 1-bathroom studio with a tenant in place until June 2025, this 725-square-foot condo is an incredible investment opportunity to generate immediate monthly income and own the largest studio in the city.
This lovely home is nestled in the desirable Fulton/Seaport neighborhood, close to FiDi, Oculus, the East River Promenade, and exciting dining and nightlife options. With a monthly rent of $3, 650, the unit has an appealing net cap of 2. 3% and a gross cap of 5. 8%.
Interiors are spacious and bright with soaring 11-foot ceilings and oversized tilt-and-turn windows with Low-E glass and vibrant southern exposure. Porcelain tile floors run throughout, and custom Rossetto closets offer abundant storage.
The open-plan kitchen boasts an eat-in peninsula, White Blizzard Caesarstone countertops, custom zebra wood cabinetry, and appliances from Liebherr, Optima, Gaggenau, and Miele.
The bedroom alcove allows for separate living and sleeping areas, and the luxurious bathroom features double sinks, wall-mounted faucets, and a walk-in rainfall shower. The home has central heating and cooling, an in-unit washer and dryer, and a huge storage unit downstairs.
The District is a luxury condominium nestled in the heart of Downtown Manhattan. Residents enjoy 18, 000 square feet of amenity spaces that include a state-of-the-art fitness center, yoga studio, steam, and sauna rooms, a pool and Jacuzzi, a billiards room, and an expansive rooftop terrace with lush plantings, multiple seating and lounge areas, and tranquil reflecting pools. The building has a full-time staff and is moments from dozens of restaurants, bars, cafes, and shops.
City Hall Park, FiDi, Oculus Center, and Piers 15, 16, and 17 along the East River Esplanade are nearby. Accessible subway lines include the 1, 2, 3, 4, 5, 6.
Pets are welcome.
Assessment of $417. 54 until 10/2027Access times:
Wednesday and Friday 10am-12pm
Saturday and Sunday 9am -11am
APPOINTMENT ONLY
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Sarah.DeFlorio@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** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,042 | $3,988 | $5,060 |
Total Monthly Payment | $4,134 | $4,080 | $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.