New York (Chelsea), NY, 10001 | $2,500,000

Full-Floor 3BR Condo with Expansive Private Terrace

Accessed via direct elevator entry, Residence Two is a full-floor three-bedroom, two-bathroom condominium that offers an exceptional sense of privacy, thoughtfully designed interiors and over 2, 100 square feet of combined indoor-outdoor living space.

Floor-to-ceiling casement windows, central heating/cooling, ceilings over nine feet high and wide-plank hardwood floors define the interiors, while the layout is designed to seamlessly balance entertaining with everyday living.

The defining feature of the home is its expansive 726-square-foot private terrace, offering a scale of private outdoor living rarely found in a boutique full-floor condominium. Complete with a built-in gas grill, fireplace, and ample space for dining, lounging and entertaining, it serves as a natural extension of the residence and dramatically expands the home's entertaining possibilities with a little something for everyone - dining for 10 under a pergola, basketball hoop shoot-out, home gym, TV lounge and fireplace.

The open kitchen is seamlessly integrated into the living and dining area and features custom Bauformat cabinetry, quartz countertops, ample storage, and a suite of premium appliances, including a Miele refrigerator, Bertazzoni range and dishwasher, built-in water filtration, and an XO wine refrigerator. A secondary bedroom positioned off the living room offers flexibility as a guest room, home office or den. Alternatively, the floorplan also offers the flexibility to create an expansive great room spanning the full width of the home.

Two south-facing bedrooms overlook the terrace, including the primary suite with dual closets and an en-suite bath appointed with a double vanity, soaking tub, separate shower and radiant heated floors.

Completed in 2023, 128 West 26th Street is an intimate boutique condominium comprised of just 13 full-floor residences, ideally situated between Flatiron and NoMad, moments from Madison Square Park and some of Manhattan's best dining, shopping and transportation options; only 1 mile from the Hudson River Promenade, Chelsea Waterside Park and Chelsea Piers. The building features a virtual doorman, via the ButterflyMX system and a dedicated building Super who services the building on a part-time basis. A common rooftop terrace, replete with a gas-grill and lounge chairs, offers stunning views of the Manhattan skyline and provides a tranquil respite from the hustle and bustle of daily NYC life. Low monthly carrying costs - good candidate for 1031 exchange and/or investors; potential cap rate of at least 4%.
Please note, some images have been virtually staged.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 14
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Building None,Washer Hookup,In Unit
  • Complex: 128 W 26Th St
  • Year Built: 1930
  • Common Charge: $1,342 Monthly
  • Approx Sq. Feet: 1,374
  • View: City
  • Pet Policy: Building Yes,No
  • MLS#: RLS20098801
  • Days on Market: 17 days
  • Website: https://www.raveis.com
    /prop/RLS20098801/128w26thstreet_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 Corcoran Group   Phone: (212) 355-3550

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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 (Chelsea), NY, 10001

$2,500,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.121% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,356 $11,991 $16,877
Total Monthly Payment $11,481 $12,116 $17,002

* 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.