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Residence 15E at The Gramercy Spire is a bright, oversized 1-bed 1-bath with a private balcony. This turn-key home boasts beautifully stained hardwood floors, a fully renovated marble-tiled bathroom and kitchen outfitted with stainless steel appliances. The apartment's functional layout also offers an abundance of storage space from four custom closets throughout, including a 6-door entry hallway closet and a kitchen pantry. The generously proportioned bedroom easily fits a king-sized bed, plus furniture, and features a built-out walk-in closet designed by California Closets. Within the last year, thoughtful updates like double-paned windows and a new balcony door were installed, creating the perfect quiet escape from the city sounds below. The Gramercy Spire at 142 East 16th Street is a well-known, full-service cooperative in the heart of Gramercy Park and a stone's throw from some of the area's best dining and shopping. Residents enjoy a full-time doorman, live-in super, a common outdoor garden and central laundry facilities for added convenience. Storage cages and additional bike storage are available for rent. The building is pet and pied-a-terre friendly and permits subletting for 3 out of 5 years after a 2-year residency.
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Our Executive Mortgage Banker:
Our Insurance Division:
$925,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,202 | $4,738 | $6,245 |
Total Monthly Payment | $4,294 | $4,830 | $6,337 |
* 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.