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A rare opportunity to own in one of Downtown Manhattan's most sought-after locations. 177 Thompson Street is an investor-friendly co-op offering unlimited subleasing from day one, making it an exceptional opportunity for investors, with a nearly 6% cap rate, while also providing condo-like flexibility for end users alike.
The apartment was recently updated and is move-in ready. It features a large windowed kitchen that flows seamlessly into a spacious and bright living room - an ideal layout for both everyday living and entertaining. The updated bathroom features a large south-facing window and an original newly glazed freestanding tub. The bedroom accommodates a queen-size bed, offers a generous closet, and provides enough space for a home office.
177 Thompson Street is a six-story co-op with just five apartments per floor, ranging from studios to two-bedroom. The building is perfectly positioned between Houston and Bleecker Streets, just minutes from New York University, Washington Square Park, SoHo, the West Village, and some of the Village's best dining, shopping, and entertainment destinations.
Maintenance includes real estate taxes, heat, and water. Small dogs and cats are permitted for owners only. Limited financing available. Dry-cleaning and laundry services are conveniently located at the next door building.
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.
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Our Executive Mortgage Banker:
$565,000
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 | $452,000 | $452,000 | $452,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,707 | $2,820 | $3,723 |
| Total Monthly Payment | $2,799 | $2,912 | $3,815 |
* 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.