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Welcome to Apartment 11E at 348 West 38th Street. This spacious, light-flooded loft with soaring 12’2” ceilings offers the perfect balance of tranquil living in the heart of the bustling Hudson Yards neighborhood. Enjoy vast city views from the massive 8-foot windows featuring North and East exposures. Three nicely proportioned sleeping areas allow for serene privacy and peaceful living - the apartment is perfect for those seeking the utmost flexibility for sleeping, home office, and guest bedroom needs. With its dramatic and expansive living space, this is a unit that must be seen to be appreciated. The kitchen is newly renovated with ample storage, massive counter space, and a high-end appliance suite. The bar area is perfect for casual dining on barstools, but there is plenty of room for a dining table as well. The home also features a large, hidden storage area with a massive amount of space for suitcases, skis, golf clubs, or anything you don’t want taking up space in your closets. The bathroom is newly renovated with beautiful tilework, a double vanity, ample storage and a large soaking tub. This unique property is an 11th-floor, corner unit of an elegant 1915 building on the western fringe of the Garment District and Hudson Yards. It offers an exceptional opportunity to live a dream New York lifestyle in a creative, thriving neighborhood filled with dance venues, recording studios, theaters, coffee shops and restaurants. The apartment is perfect for entertaining guests, enjoying quiet moments alone, perched peacefully above it all. Excellent attractions including the stunning Hudson Yards grounds, the High Line, the new Hudson Boulevard greenway, and the Baryshnikov Arts Center are within strolling distance of this home. Shop locally at Brooklyn Fare, Esposito Meat Market, Ninth Avenue International foods, Gotham West Market, or any number of beloved family-owned businesses. 348 West 38th Street is a Cooperative occupying the seven uppermost floors of a former press building. It features an elegant Art Deco lobby, key-locked elevator, intercom security, and two communal laundry rooms. Pets are welcome. Pied a Terres are allowed. The building has excellent financials, with no underlying mortgage. The co-op is under a land lease until December 31st 2179.
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Our Executive Mortgage Banker:
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$1,200,000
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 |
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Loan Amount | $960,000 | $960,000 | $960,000 |
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% | 6.727% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,451 | $6,147 | $8,166 |
Total Monthly Payment | $5,576 | $6,272 | $8,291 |
* 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.