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Welcome to Apartment 5C at 350 West 14th Street, a remarkable opportunity at the intersection of the West Village, Meatpacking District, and Chelsea. This 629 sq. ft. , 1-bedroom/1-bath condo is currently being offered as an income-producing asset, with a reliable renter in place. Featuring hardwood floors, a well-appointed kitchen with stone countertops and stainless steel appliances, a crisp, modern bathroom with classic white tile and sliding glass doors, a private balcony with Southwestern exposure, and an elevator building with in-building laundry, this apartment provides a perfect blend of comfort and convenience.
Location, Location, Location!
Step outside your door and experience the best Manhattan has to offer. This apartment is at the heart of vibrant neighborhoods, with all the dining, shopping, and cultural experiences you could dream of just minutes away. Indulge in the dynamic atmosphere of the Meatpacking District, the charm of the West Village's tree-lined streets, and the cultural offerings of the Whitney Museum and the High Line. Enjoy the tranquil waterfront of Hudson River Park, and explore Chelsea Market and the art galleries that define Chelsea's trendy and artistic vibe.
Exceptional Transportation Access
Getting around is a breeze with the M14 crosstown bus directly outside, and the A, E, C, and L subway stations only one block away at 8th Avenue and 14th Street. Additionally, the 1, 2, and 3 subway lines are just two blocks away at 7th Avenue and 14th Street, providing easy access to all of Manhattan and beyond.
Investment Highlights
Currently, this property offers a cap rate of 3. 8 percent, with an upcoming rent increase set to yield a new cap rate of 4 percent, making it an attractive option for investors seeking steady returns in a highly desirable area.
Whether you're looking to add a lucrative investment to your portfolio or envision this as your future primary residence, this apartment offers incredible potential. Reach out today for more details or to schedule a viewing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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 |
|
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Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.739% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,882 | $6,634 | $8,812 |
Total Monthly Payment | $6,007 | $6,759 | $8,937 |
* 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.