New York (Murray Hill-Kips Bay), NY, 10016 | $625,000

Welcome to 244 Madison Avenue Apartment 3L!

This is a large one bedroom loft in the heart of Midtown South. This unit features, 13ft beamed ceilings, walk in closet, built-in shelves, hardwood floors, ample storage/closet space, and a large window facing east onto Madison Avenue. The kitchen is featured on the left with a dishwasher and an electric stove. There is even a nice home office area next to the steps with a large closet. So much flexibility with all the open space!

The bedroom loft ceilings are approximately 6’3 standing height, with windows to allow for natural light and air flow. The bedroom consists of more storage shelves with plenty of space to walk around and accommodate more furniture.

In addition, 244 Madison Avenue full-service building includes a 24 hour doorman, live in super, furnished roof deck, package room, and recently renovated laundry room. What makes this building even better, are the flexible policies. You will have unlimited subletting permitted after two years of ownership. Pied-a-terres, Co purchasing, gifting, guarantors, and parents purchasing for children are all permitted.

Transportation: Grand Central, Herald Square, and 33rd Street stations. Access to the 4/5/6, 7, B/D/F/M, N/Q/R/W, and S trains.

Features

  • Town: New York
  • Levels: 16
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: x
  • Laundry: Common On Floor
  • Year Built: 1916
  • Common Charge: $2,156 Monthly
  • Approx Sq. Feet: 142,836
  • Est. Taxes: $0
  • Pet Policy: Building Cats OK,Cats OK
  • Appliances: Dishwasher
  • MLS#: RLS20011611
  • Days on Market: 42 days
  • Website: https://www.raveis.com
    /prop/RLS20011611/244madisonavenue_newyork_ny?source=qrflyer
Copyright © 2025  The Real Estate Board of New York, Inc., All rights reserved
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 The Development Marketing Team   Phone: (310) 880-3847

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Customer Service

888.699.8876

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

New York (Murray Hill-Kips Bay), NY, 10016

$625,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $500,000 $500,000 $500,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.007% 7.063% 6.132%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,119 $3,285 $4,186
Total Monthly Payment $3,211 $3,377 $4,278

* 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.