New York (Kips Bay), NY, 10010 | $750,000

Spacious two-bedroom, two-bathroom residence with sunny southern exposure through floor-to-ceiling windows in every room. The gallery entrance leads to an open living and dining area with an ideal split bedroom layout. The large kitchen is a chef's dream featuring stainless steel appliances, dishwasher, glass mosaic backsplash, and a spacious breakfast bar. The primary bedroom includes an en-suite bathroom and custom walk-in closet. The second generously sized bedroom offers ample closet space and an adjacent full bathroom. In-unit washer/dryer adds convenience. This boutique building built in 2004 with condominium rules is investor-friendly and permits immediate subletting, co-purchasing, guarantors, parents buying for family, pied-à-terres, and pets. Building amenities include a doorman seven days a week (8am-12am), gym, storage room, bike room, live-in super, and a roof deck with panoramic views. Monthly maintenance for the first year is net-effective $1680, with the seller offering a $50, 000 closing credit for application to the first year maintenance fees, providing significant savings and value for the buyer to ease the first year carrying costs discounted from the normal $5846 monthly maintenance due to the coop land lease. Some images are virtually staged. 242 East 25th Street, 9A, New York, NY 10010.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 13
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 58.000000x98.750000
  • Laundry: Building Washer Dryer Install Allowed,Building Multiple Locations,Common On Floor,Common Area,Washer Hookup,In Unit
  • Complex: 242 East 25th Street
  • Year Built: 2004
  • Common Charge: $1,680 Monthly
  • Approx Sq. Feet: 984
  • Est. Taxes: $0
  • View: City
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher,Gas Cooktop,Gas Oven,Stainless Steel Appliance(s),Washer
  • MLS#: RLS20083691
  • Days on Market: 64 days
  • Website: https://www.raveis.com
    /prop/RLS20083691/242e25thstreet_newyork_ny?source=qrflyer
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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.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Kips Bay), NY, 10010

$750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $600,000 $600,000 $600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.474% 6.640% 5.972%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,694 $3,788 $4,982
Total Monthly Payment $3,786 $3,880 $5,074

* 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.