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**Video Available Renovated by world-renowned architects at LOT-EK, Residence #5 at 533 East 6th Street presents a thoughtfully reimagined home distinguished by its architectural pedigree and scale within a classic East Village HDFC cooperative. Originally configured as a two-bedroom, this approximately 1, 100 square foot residence has been transformed into a singular, design-driven one-bedroom with one and a half baths with laundry room. The layout prioritizes flow and openness, with expansive living and kitchen areas positioned at either end of the home, allowing for a sense of volume rarely found at this price point. Ceiling heights feel generous throughout, complemented by clean lines, exposed brick, and a working fireplace that anchors the living space. At the center of the residence, a pair of sculptural corridors—constructed from reclaimed steel—organize the home’s core functions while preserving openness at both the front and rear. One corridor discreetly integrates the primary bath, storage, and laundry, while the other introduces a dramatic dining area with built-in seating and custom detailing. The result is a home that balances utility with architectural intent, offering distinct zones without sacrificing continuity. The open kitchen is configured for both daily use and entertaining, featuring stainless steel cabinetry, a service island, gas range, dishwasher, and in-unit washer/dryer. Storage has been carefully considered and integrated throughout. The primary bedroom is extra large with exposed brick, 5 large windows with excellent soft northern light, access to a planters balcony, and a beautiful treetop view. This HDFC cooperative offers low monthly carrying costs and permits up to 80% financing. Pets are allowed. A 1% flip tax is paid by the purchaser. Income restrictions apply for incoming buyers. The building has 6 units, includes a common garden, shared laundry, and private basement storage cages. The building has good financials and engaged shareholders that actively maintain the property allowing for consistently low maintenance. Positioned on a great street with two gardens, the building is just minutes from Tompkins Square Park. The location offers immediate access to open green space alongside the East Village’s established dining and cultural landscape. Residence 5 presents a rare opportunity for a design-oriented buyer seeking scale, intention, and long-term value within a well-located cooperative. INCOME LIMIT This is an HDFC cooperative with income restrictions- purchaser can not have made more than 165% of the AMI in either 2024, 2025, or currently. The income limit is only for incoming purchasers and based on tax returns and current pay stubs. There are no asset limits for buyers or future income limits once you’ve purchased. Family of 1- $187, 110 Family of 2- $213, 840 Family of 3- $240, 570 Family of 4- $267, 300 --- Note: Agents and Broker make no listing information guarantees, representations, or warranties. All information is provided to the best of their knowledge. All measurements, sizing, and details are to be verified by buyer.
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:
$1,495,000
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 | $1,196,000 | $1,196,000 | $1,196,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,791 | $7,364 | $10,093 |
| Total Monthly Payment | $6,916 | $7,489 | $10,218 |
* 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.