Total Est. Monthly Carrying Cost:
$10,775 ($11.34/ft2)
Note: the above is based on a down payment of 20% ($299,000),
which is the minimum amount permitted by the building.
Description
This is an opportunity to own the largest terrace at the renowned American Felt Building, one of the best-known and most-coveted locations in the Union Square/East Village area. The interior of the apartment is about 950 square feet but the terrace adds another 400sf of seasonably useable space, perfect for entertaining. The lofty interior is mostly open with a high vaulted-wave ceiling over 12 feet high.
There is a double sink in the Bathroom, a Washer/Dryer tucked away in a closet near the entrance, and a central open kitchen. The location of American Felt is superb: it’s minutes away from NYC’s original Union Square Greenmarket, NYU, the East and West Village, and the transportation options are many and close by. The American Felt Building was one of the first Industrial buildings in this Downtown neighborhood to be re-purposed for residential living, and the job was done right.
The project was an instant success, and for that reason it has maintained the cool vibe which has attracted many celebrities over the years. The Condominium is famously secure, private, and discreet. It also happens to feature a beautifully-finished lobby, and a common roof deck with remarkable views.
This is an extraordinary opportunity to purchase a unique apartment from its original owner. Very few apartments turnover at American Felt at all, and this one has never before come on the re-sale market. The monthly Carrying Costs do not include a monthly assessment of $276.51.
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