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Residence 7P at Gramercy House is a classic pre-war one-bedroom in one of Gramercy Park’s most iconic Art Deco cooperatives. Located on the 7th floor of this landmark 1931 building by George and Edward Blum, the home features original hardwood floors with inlaid borders, beamed ceilings, a wood-burning fireplace, and a windowed kitchen and bath. The layout is smart and well-proportioned, with a bright living room centered around the fireplace, a windowed kitchen, and a bedroom with three closets plus additional pantry/storage space. Partially updated and move-in ready, it offers the perfect balance of charm and opportunity to make it your own. Monthly maintenance includes electricity, heat, and air conditioning, a rare perk! The amenities shine as well: 24-hour doorman, concierge, a 5000 square-foot private garden, planted rooftop terrace, laundry, bike storage, and the building is pet-friendly. Just moments from Gramercy Park, Union Square, and the Flatiron District, this is classic Manhattan living. Co-op policies: Primary residence required. 40% down payment. No pied-à-terres. No co-purchasing. Gifting allowed. Guarantors considered. Subletting subject to strict board policy.
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:
$639,000
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 | $511,200 | $511,200 | $511,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,024 | $3,189 | $4,211 |
| Total Monthly Payment | $3,116 | $3,281 | $4,303 |
* 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.