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Residence 816 at The Kensington House
One of the largest and most spacious studio apartments at The Kensington, Apartment 816 beautifully combines classic prewar elegance with modern comforts. This oversized studio features original architectural details, soaring ceilings, and a dramatic sunken living room, creating a grand and inviting space. A separate dressing room with custom storage and built-ins enhances functionality, while the gorgeous solid oak flooring with Mahogany inlay adds timeless sophistication.
The welcoming open foyer provides flexibility to accommodate a dining area or home office setup. A bright, windowed kitchen offers abundant counter space and is equipped with a dishwasher, making it perfect for both everyday living and entertaining. The bathroom features a recently updated pedestal sink. Southern exposure floods the apartment with natural light throughout the day, framing stunning open views of the city skyline, including the iconic One World Trade Center.
Designed by renowned architect Emory Roth, The Kensington is a prewar Art Deco gem reimagined for modern living. Located in the heart of Chelsea, the building offers residents a full-service experience with a 24-hour attended lobby, live-in superintendent, laundry room, package room, and a beautifully landscaped roof deck with panoramic views, including the Empire State Building.
Enjoy unparalleled convenience with nearby shopping destinations like Whole Foods, Trader Joe's, and Eataly, plus easy access to all major subway lines. The co-op offers flexibility with unlimited subletting after three years, and permits pied-Ã -terres and gifting. (Please note: co-purchasing, purchasing by parents, and guarantors are not allowed. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,620 | $2,759 | $3,488 |
Total Monthly Payment | $2,712 | $2,851 | $3,580 |
* 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.