New York (Lower East Side), NY, 10002 | $1,450,000

With a tenant in place until 2026, this meticulously designed one-bedroom, one-bathroom condominium offers a perfect blend of functionality and modern aesthetics to the discerning investor. Incorporated Architecture & Design has prioritized thoughtful space utilization, ensuring every square foot is optimized for comfortable living. In addition to the standard package available throughout 196 Orchard, this unit features a Lutron thermostat, living room chandelier, and bedroom light fixture in the bedroom (both on dimmers). Custom Lutron shades as well. High-Quality, Low-Maintenance Materials: - Durable Finishes: The residence features exposed concrete ceilings for a clean, industrial look that requires minimal upkeep. Elegant wide white oak floors are known for their longevity and resilience. - Light Fixtures: This unit has a chandelier in the living room and light fixture in the bedroom (both on dimmers). All lights are Lutron as is the thermostat. Shades are Lutron as well. Solar shades in both rooms, blackout in the bedroom. Functional Kitchen for the Discerning Cook: - Custom Design: The meticulously crafted kitchen by Incorporated Architecture & Design prioritizes both style and functionality. - Top-of-the-Line Appliances: Integrated Miele appliances, including a steam oven, refrigerator, dishwasher, wall oven, and 4-burner cooktop, ensure optimal performance and efficiency. - Organized Storage: Onyx lacquer cabinetry with bleached European walnut millwork provides ample storage, while thoughtful features like a kitchen island and built-in wine refrigerator promote organization and convenience. Luxurious Bathroom with Lasting Quality: - Timeless Materials: The luxurious bathroom boasts honed Blue de Savoie marble floors and wainscoting, known for their classic beauty and easy maintenance. A polished Bianco Dolomiti marble shower adds a touch of elegance, while polished chrome Waterworks fixtures provide lasting durability. - Ample Storage: The well-designed bathroom vanity offers ample storage with full overlay white lacquer cabinetry, a polished white quartz countertop, and a mirrored medicine cabinet with built-in cove lighting, maximizing functionality without sacrificing aesthetics. Additional Highlights: - Franke garbage disposal for effortless cleanup. - Miele stacked washer and dryer for laundry convenience within the unit. Overall, this residence caters to those who appreciate thoughtful design, high-quality materials, and a focus on functionality for a low-maintenance, comfortable living environment. *Tenant in place until May 31, 2026*

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 11
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 0.000000x0.000000
  • Laundry: In Unit,See Remarks
  • Year Built: 2018
  • Common Charge: $1,050 Monthly
  • Approx Sq. Feet: 708
  • Est. Taxes: $12,000
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher
  • MLS#: COMP-171747660612807
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/COMP-171747660612807/196orchardstreet_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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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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New York (Lower East Side), NY, 10002

$1,450,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,160,000 $1,160,000 $1,160,000
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 $1,000 $1,000 $1,000
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,586 $7,237 $9,711
Total Monthly Payment $7,711 $8,362 $10,836

* 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.