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This 1-bedroom, 1-bathroom loft at 250 Mercer Street exudes charm and character in every corner. On the main level, 13-foot ceilings adorned with crown molding create an airy atmosphere, complemented by a north-facing oversized window that floods the space with natural light. Floor-to-ceiling built-ins in the living area enhance both functionality and style. This area seamlessly integrates with the open kitchen which features stainless steel appliances, an island for in-kitchen dining, and abundant counter space. Ascending the spiral staircase to the second level guides you to the primary bedroom, where a king-sized bed fits comfortably. This level has a 6’5" head clearance and two additional closets providing extra storage solutions. Nestled at the crossroads of Greenwich Village, NoHo, and SoHo, 250 Mercer Street stands as one of Downtown's most sought-after pre-war residences. With its proximity to Washington Square Park and a plethora of amenities including a new lobby, 24/7 doorman service, live-in superintendent, common roof deck, laundry facilities, bike storage, and optional private storage units for rent. Unlimited subletting is permitted after 2 years of ownership with board approval, as are pets for shareholders, and financing up to 80%. Pied a terres are not permitted.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,666 | $3,810 | $4,855 |
Total Monthly Payment | $3,758 | $3,902 | $4,947 |
* 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.