|
Oasis in Chelsea: Mixed-Use Duplex with Private Roof Deck, Air Rights & Retail Space - Investment Opportunity This stunning mixed-use duplex in the heart of Chelsea offers the perfect blend of residential comfort and commercial potential. Featuring a brand-new roof, the property includes tenants in place for both the residential and commercial spaces, though the residential unit can be delivered vacant. The spacious one-bedroom residential unit boasts a California King-size bedroom, a large living and dining area, and a versatile work-from-home sector that could easily be converted into a second bedroom. Enjoy private access to a massive, unused roof deck, perfect for outdoor living. With 5, 305 square feet of unused FAR (Floor Area Ratio), this space offers tremendous expansion possibilities. The commercial space features a storefront with two oversized windows, an open-concept design, and high tin ceilings. The back room has a duplex-style layout, with a full-sized basement for added storage or use. The space is fully custom-designed and offers great potential for retail or other business ventures. Commercial Spaces are currently vacant, The residential portion has a tenant that is month to month but can be delivered vacant as well. Located amid the thriving neighborhoods of Hudson Yards and Midtown South, this property gives you the best of what these areas offer. Surround yourself with world-class art galleries, cutting-edge cultural venues, trendy restaurants, multiple bars, flea markets, Chelsea Market, The Vessel, The Shed, and more. With easy access to the High Line, Madison Square Garden, shopping destinations, and 12 subway lines, LIRR, and Amtrak, you'll enjoy unmatched convenience and connectivity. This is truly a rare investment opportunity in one of NYC’s most dynamic areas.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,200,000
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 | $3,360,000 | $3,360,000 | $3,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.511% | 6.183% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $19,078 | $20,962 | $28,354 |
Total Monthly Payment | $19,203 | $21,087 | $28,479 |
* 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.