Welcome to 2-17 51st Avenue, apartment 518, in the prime area of LIC.
Apartment 518 is a sensational studio that offers a warm and welcoming ambiance. The 613 sq. ft. sizeable rectangular layout maximizes space usage, providing efficiency and practicality. It features 2 large closets, a spacious open kitchen, and a substantial living area that could easily be divided into two separate spaces, allowing for a comfortable living room setup and a sleeping alcove that comfortably accommodates a queen-size bed and dresser, plus a working desk.
A vast wall of windows allows natural light to fill the space, enhancing the feeling of spaciousness. The apartment boasts American walnut wood floors throughout. The spacious open kitchen features green glass backsplashes, sleek white lacquered cabinetry with deep brown accents, and a quartzite stone countertop complemented by a wenge wood breakfast bar. Stainless steel appliances complete the kitchen.
The bathroom exudes modernity with soft beige ceramic tiles, a deep soaking tub, a lava sink, Kohler fixtures, and a marble and wood combo vanity. A Bosch washer/dryer has been conveniently installed in the apartment.
?The apartment upgrades include
* Nest thermostat, Smartlock & Nest Protects CO2/Smoke alarm.
* LED chandelier.
* ?Two California Closets
* ?Igloohome Smart lock was installed
The Building & Amenities:
The Powerhouse is a luxurious conversion condo that seamlessly combines old industrial details with modern touches, resulting in a unique and captivating atmosphere. The property is staffed 24/7 with a concierge, resident manager, porter, and maintenance crew. Amenities include a fitness center, game room, screening room, cold storage, playroom, bike storage, business center, and package room. In addition, there is a full restroom with a shower, locker, and steam room.
The common rooftop is divided into two section: the west side offers water and city views with a sunbathing deck, lounge chairs, and outdoor furniture for residents to unwind, while the east side features BBQ grills and a dining area perfect for gathering.
Neighborhood:
Powerhouse, designed by world-renowned architect Karl Fisher and distinguished interior designer Andres Escobar. The building is conveniently situated just one block from the iconic Gantry State Park. The surrounding area boasts an array of amenities, including Food Cellar, Urban Market, Duane Reade, hardware stores, banks, CVS, and Urgent Cares. Additionally, charming restaurants, cafes, and Michelin-rated fine dining establishments on Vernon Blvd. and Center Blvd. are a mere block and a half away. Rental parking is available adjacent to the building. Residents also have easy access to Trader Joe's and MoMA PS1, a contemporary art institution located in Court Square, just 2 subway stops away. The neighborhood is also home to many new and exciting restaurants, making it a vibrant and dynamic place to live.
Easy Commute:
The 7 cross-town trains offer exceptional convenience, connecting with most subway lines. Just one stop away from Grand Central and four stops to reach Hudson Yards, this line provides easy access to key destinations. The Queensbound line extends to Flushing and connects to the E, G, and M lines, as well as the Queensboro Plaza station for N and W trains. Additionally, East River ferry access is conveniently located within a 1. 5-block radius.
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Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $556,000 | $556,000 | $556,000 |
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 | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,793 | $3,695 | $4,689 |
Total Monthly Payment | $3,885 | $3,787 | $4,781 |
* 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.