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This beautifully designed split two-bedroom, two-bathroom apartment is located at the intersection of Gramercy & Kips Bay, offering a blend of comfort, style, and modern amenities. Wake up every morning & enjoy the southern sunlight cascading through your large windows, filling the spacious living area with warmth. The open kitchen is perfect for entertaining, featuring a large breakfast bar, stainless steel appliances including a dishwasher, and enough cabinet space for all of your cooking gadgets. The open living and dining area is versatile, accommodating various layouts with room for seating, an entertainment center, a home office/desk and will suit all of your needs. The two split bedrooms are generously sized, with the primary suite featuring an en-suite bathroom and a large custom dressing room. The apartment offers plenty of storage with multiple closets throughout, and additional features include an in-unit washer/dryer, through-the-wall AC, and hardwood floors. Located at 242 East 25th Street, this boutique condop offers condo-like rules and amenities such as a part-time doorman (8am–midnight), video intercom system, roof deck with city views, bike storage and a fitness center. The building is investor-friendly, allowing pied-à-terres, co-purchasing, guarantors, immediate subletting, and pets. Conveniently situated near the 6, N, and R trains, Madison Square Park, and some of the city's best dining and shopping, this apartment is a fantastic opportunity in one of Manhattan's most sought-after neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$835,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $668,000 | $668,000 | $668,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.611% | 6.484% | 6.178% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,793 | $4,167 | $5,637 |
Total Monthly Payment | $3,885 | $4,259 | $5,729 |
* 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.