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Presenting an exceptional opportunity to own a 20 ft-wide multifamily townhouse in prime West Chelsea, brimming with original details. This beautiful four-unit brick building, currently comprised of a garden floor-through apartment, parlor and second floor duplex, and two studios above, is a special offering that delivers excellent monthly income; or it can be transformed into a fabulous single-family dream home!
Imagine the possibilities in creating a custom-designed residence to meet your lifestyle needs, with the potential to greatly expand beyond the current space thanks to the additional FAR. Topping the allure is a large private landscaped rear yard for your outdoor pleasure, and a full basement that's versatile for housing a wine cellar, game room, rec room, and abundant storage.
Dating back to its 1852 origins when built by Chelsea forefather Clement Clarke Moore, 454 West 25th Street exudes elegance with its rich wood floors, original parlor pier mirrors, charming fireplaces, marble mantles, tasteful built-ins, and classic moldings found throughout. The spacious one-bedroom garden unit spills out to the lovely planted backyard with a slate patio. The garden can also be accessed via stairs off the rear deck on the main floor of the duplex, featuring airy ceilings, a working fireplace, and gracious living space. A striking spiral steel staircase rises to the sleeping quarters.
For the discerning buyer who wishes to design their own incredible single-family, the suggested floorplan affords optimal comfort and luxury, providing layout suggestions for each level, as well as for adding an elevator, a fabulous full-floor primary suite, additional stories, even an amazing roof terrace with a hot tub, pool, outdoor kitchen and shower. This handsome home is versatile and one of a kind, waiting for you to make it your own.
Set on a sought-after street in the heart of Chelsea, just one block from the High Line, in close proximity to the Chelsea Park, Chelsea Piers, the Hudson River Greenway, art galleries, fine dining and shopping, Avenues: The World School, and other desirable attractions.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,995,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,996,000 | $3,996,000 | $3,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.858% | 5.681% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $21,451 | $23,320 | $32,651 |
| Total Monthly Payment | $21,576 | $23,445 | $32,776 |
* 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.