|
|
Presented by
Suzanne Walsh Team |
The Quintessential prewar flat with the classic Greenwich Village tree lined view awaits you. The south exposure units here @ 24 5th are always the most highly coveted studio apartments.
With over 36 years of experience selling here, Barkoff Residential presents 24 5th Avenue-Apartment#310. First time this flat has been available since 2015.
Immerse yourself in this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. You will know you have found your new home as you enjoy traversing 5th Avenue as it meets 9th Street as arguably one of the most desirable central locations in the city. Many New Yorkers refer to this petite area of Greenwich Village as the Gold Coast and for good reason. As you enter the building, you will be welcomed by a combination of an immense grand lobby & excellent staff that is rare to find these days.
Perfect for pied-a-terre or full-time home. NO INVESTORS PERMITTED.
The apartment is renovated, and the owner has just had the place professionally painted so somebody can move right in after their approval.
Apartment features include wood floors, high beamed ceiling, two south facing windows with a charming tree lined street view and a large walk-in closet.
Kitchen: Stylishly designed with a granite countertop and built-out breakfast nook. Stainless steel appliances include a dishwasher, under the counter high end convection/microwave oven. Beautiful glass tile backsplash. Please note kitchen is part of the entry area as this building was originally built as the Fifth Avenue Hotel on the site of the Brevoort Mansion.
24 Fifth Avenue is a highly desirable prewar building boasting a grand elegant lobby, 24-hour doorman, full staff of porters, resident superintendent, onsite management, state-of-the-art fitness center, modern laundry room, bike room, and storage. The building now hosts the popular restaurant Claudette (rumored to be re-opening soon) and Forbes Media as its commercial entities. They also serve to greatly enhance the buildings underlying financials.
Attention all students & their families. NYU, Cardozo, New School & Parsons: Plenty of time to complete a family purchase of this home and be there for the start of the Fall 2026 Semester but the clock is ticking. . .
Math & Statistics working towards home ownership: If you were going to rent a 24-hour full-service door attendant studio in the heart of Greenwich village, you would be looking @ approximately $4000 per month ($4200 here @ 24 5th) and that is on the conservative side. Yearly, that equates to $48, 000. You multiply that by a four (4) year education program, and you have $192, 000. For an extra $246, 000, you own it. This formula has been prevalent and enormously successful in my personal experience for many families over my 36 years of sales experience in this building.
Supply & Demand: There are approximately 420 units here @ 24 Fifth Avenue. This is one of only a few studios available for sale here. That is approximately 1% of availability. This is a prolific example of how homeowners @ 24 5th Avenue are reluctant to relinquish their stake in this Classic Prewar building.
Before you contact the broker for questions or access, please note the following important aspects of this offering:
The building is pet friendly.
Parents buying with children, gifting and pied-a-terre's are permitted.
24 Fifth Avenue is a ground lease (land lease) with expiration in the year 2087.
NO INVESTORS!! You must use the apartment for three years before you are able to rent the apartment for three out of five years.
Greenwich Village is the nexus of the prime downtown vibe with great access to Washington Square & Union Square Parks, multiple mass transit options, great retail, restaurants, cafes & so much.
Pssst: A couple of huge hot spots await you in close proximity, 5 Min walk to Mimi’s on University, and a 10 min walk to L’Industrie pizza on Christopher Street
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$438,000
Sales Vice President
William Raveis Real Estate
Phone: 860.306.1927
Suzanne.Walsh@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 970.390.2521
John.Kirkutis@raveis.com
NMLS Mortgage Loan Originator ID 1424716
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $350,400 | $350,400 | $350,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,101 | $2,186 | $2,910 |
| Total Monthly Payment | $2,176 | $2,261 | $2,985 |
* 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.