A bright studio with open city views from multiple exposures. Located on the top floor of this boutique co-op, the apartment receives an abundance of light from all directions. Located on the back of the building facing North, this apartment is pin-drop quiet. The eat-in kitchen has a separate dining area with sunny northern views of Chelsea. The studio has space for a separate seating area. The modern windowed bathroom has been recently renovated. There is an ongoing assessment for $225. 02.
253 West 16th Street is a well-maintained, pre-war elevator building built-in 1929. This co-op features a laundry room, bike room, private storage, and a beautiful lobby with stunning original architectural details with a live-in super. Co-purchasing, gifting, pieds-a-terre, and pets are allowed with board approval. Located on a prime Chelsea tree-lined block, this apartment is conveniently found close to Chelsea Market, Chelsea Piers, the Highline, Whole Foods, Trader Joe's, an abundance of fine restaurants, and all that this lively neighborhood has to offer. You will also have easy access to the A, C, E, L, 1, 2, 3, F, and M subway lines.
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William Raveis Real Estate
Phone: 888.699.8876
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,635 | $2,632 | $3,395 |
Total Monthly Payment | $2,710 | $2,707 | $3,470 |
* 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.