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225 Rector Place is a 24-story condominium building in Battery Park City that boasts 289 residences ranging from studios to three-bedrooms. Rector Place features views of the Hudson River, New York Harbor, the Statue of Liberty and the downtown skyline as well as immediate access to Rector Place Park, an elegant green space, which is located right across the street. The building was completed in 1986 as rental apartments called Parc Place, but it has been completely redeveloped to become a sought-after building in lower Manhattan that has been redesigned starting in 2007. In addition to its formidable granite and brick exterior and its park-like setting, the interior of 225 Rector Place also draws pretty rave reviews. Residents are not shy about calling their home charming and luxurious and up-to-date. Inspired by the setting and views and the generous windows, the multi-talented design artist Clodagh was brought in to create a Zen-like vibe throughout the building. All residences offer high-quality oak flooring, modern integrated appliances and luxurious surfaces and materials, plus kitchen and bathroom accessories from Clodaghs own design collections. The warm Eastern theme can be seen throughout each unit as both the kitchen and bathrooms have these design detailing. Kitchens have stainless steel appliances by Liebherr and the marble baths have a deep soaking tub. The building also features some pretty sweet amenities, including a 40-foot indoor pool with dramatic, over-sized skylights; a rooftop sun terrace with outdoor dining and grilling plus a fully furnished cabana; two-story state-of-the-art fitness center, childrens playroom, lounge, and 24-hour concierge services.
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
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$600,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.156% | 5.415% |
| Monthly Tax Payment | $626 | $626 | $626 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,763 | $2,875 | $3,827 |
| Total Monthly Payment | $3,481 | $3,593 | $4,545 |
* 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.