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Located in the charming Penny Lane, a historic full-service building in Kips Bay/Gramercy, this stylish studio offers a perfect blend of comfort and elegance. Thoughtfully designed, the home features a spacious layout with ample room for both relaxation and functionality. The beautifully appointed kitchen boasts high-end stainless steel appliances, a dishwasher, a built-in microwave, granite countertops, and custom cabinetry. There is also space for an island with barstools or a cozy dining nook, adding versatility to the design. The main living area is both inviting and flexible, easily accommodating a queen-sized bed, a full-sized sofa, a desk, and additional furnishings to suit your needs. Glass sliding doors flood the space with natural light and open onto a north-facing Juliette balcony, creating a serene and airy atmosphere. The recently renovated bathroom showcases impeccable design and modern finishes, offering a spa-like retreat. Penny Lane provides a wealth of amenities, including a 24-hour doorman, a live-in superintendent, a beautifully landscaped courtyard, a bike room, storage facilities, laundry on every floor, and an on-site parking garage. Residents also enjoy one of the largest and most breathtaking roof decks in the neighborhood, perfect for unwinding while taking in stunning city views. This is a co-op building which will require a co-op board application and additional fees. Time line for approval from the board is two to five weeks.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,295
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,636 | $2,636 | $2,636 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $17 | $17 | $22 |
Total Monthly Payment | $92 | $92 | $97 |
* 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.