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118 East 25th Street, #8

$3,500,000 ($875 per ft2) | 4 beds, 1.5 baths | Approx. 4,000 ft2
Building Profile  | 
129 days on Market

Key Details

  • Listed: Aug 15, 2024
    Last Price Change: ($200,000) on Sep 18
    Days on Market: 129
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Listing viewed 108 times
Monthly Maintenance: $5,376 ($1.34/ft2)
Est. Monthly Mortgage: $18,591
Total Est. Monthly Carrying Cost: $23,967 ($5.99/ft2)
Note: the above is based on a down payment of 20% ($700,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Expansive Full Floor Loft: Spanning approximately 4,000 SF, this loft offers limitless possibilities for customization and design.
  • Abundant Natural Light: Enjoy triple exposures with 15 large windows, flooding the space with light and enhancing the airy feel.
  • High Ceilings: Approx. 12-foot ceilings create a grand atmosphere, perfect for showcasing art and luxurious decor.
  • Historic Charm: Features a private keyed elevator entrance and retains the elegance of a pre-war boutique building.
  • Flexible Living Space: Currently configured as a commercial office, it can easily be transformed into a stunning residential home.
  • Pet-Friendly and Convenient Policies: The building allows pets, flexible subletting, and accommodates parents buying for children, enhancing lifestyle options.

Description

Must see FULL FLOOR loft with a canvas spanning approx. 4,000 SF awaits your custom vision! Imagination is the limit of possibilities with the magnificent dimensions and space this pre-war loft offers to create a stunning residence, or Live/Work space, in Flatiron off of Park Ave. One of only 12 units in an elegant pre-war boutique building, the light from the triple exposures on the 8th floor - North, East, and South - coming through 15 huge windows, and approx.

12 foot ceilings provide the setting for a variety of flexible layouts with at least 4 bedrooms, multiple baths, in unit laundry, and the amenities that fit your custom style. All the historic charm is there as you walk through the loft’s private and secure keyed elevator entrance. Just bring your architect and vision. While the loft is currently being used as a commercial office space, work has already begun towards converting the Certificate of Occupancy for residential usage thus paving the way for a new owner to create their dream home.

Another compliment to this opportunity is the low maintenance at $5,377 a month that comes with such a huge space. 118 East 25th Street is a pet friendly, self managed building with low maintenance and a flexible sublet policy. Parents buying with or for children, Guarantors, and Pied A Terres are all allowed. Max financing is 75%, and there is a flip tax paid by the seller.

The building is positioned very conveniently near the 6, N, R, W, a block and a half from Madison Park, minutes from Gramercy Park, and near all the amazing restaurants, markets, and shopping Flatiron has to offer. ** Some images are virtually staged for visualization and conceptional purposes only. All dimensions and measurements on floorplans are approximate.

Please consult an architect.

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Listing courtesy of Compass

Pricing History

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About 118 East 25th Street

Building Amenities

  • Intercom
  • Elevator

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Subways

  1. 6
at Park Ave 0.13 miles
  1. N
  2. R
at Broadway 0.25 miles
  1. M
  2. F
at 6th Ave 0.45 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.47 miles

Other Apartments Available in this Building (2)

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