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Welcome to 505 West 47th Street, a stunning studio that perfectly blends luxury, convenience, and tranquility. This meticulously maintained home offers an exceptional living experience with top-tier finishes and a thoughtfully designed layout. As you step inside, you’re greeted by soaring loft-like ceilings that create an open and airy atmosphere. The spacious living area easily accommodates a queen or king-sized bed, a desk, and a dining table, allowing for both comfort and functionality. A separate door leads to your own private terrace, where you can relax and take in beautiful city views. The sleek kitchen, designed by Mastri La Cucina, is a chef’s dream, featuring top-of-the-line appliances from Miele, LG, Bosch, and Fisher & Paykel, along with elegant marble countertops. A washer/dryer is also included for ultimate convenience. The spa-like bathroom exudes sophistication with Zebrano wall tiles, Kohler fixtures, Pegasus waterworks, a Rocky River marble countertop, and custom cabinetry, making it a true retreat. Beyond the apartment, the building offers exceptional amenities, including two breathtaking roof decks with panoramic city views, a serene Zen garden, a state-of-the-art fitness center, and a dedicated live-in resident manager. A 24-hour doorman ensures security and convenience. Whether you're looking for a primary residence, a pied-à-terre, or an investment property, this home is a perfect choice. Don’t miss your chance to own this urban retreat!
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Our Executive Mortgage Banker:
Our Insurance Division:
$579,000
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 |
|
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Loan Amount | $463,200 | $463,200 | $463,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 7.075% | 6.172% |
Monthly Tax Payment | $411 | $411 | $411 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,004 | $3,043 | $3,878 |
Total Monthly Payment | $3,507 | $3,546 | $4,381 |
* 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.