118 East 25th Street, #8
$3,500,000
($875 per ft2)
| 4 beds, 1.5 baths | Approx. 4,000 ft2
98 days on Market
Key Details
-
Listed: Aug 15, 2024Last Price Change: ($200,000) on Sep 18Days on Market: 98Building Type: CooperativeNeighborhood: Gramercy Park (Manhattan)
Monthly Maintenance:
$5,376
($1.34/ft2)
Est. Monthly Mortgage:
$18,572
Mortgage calculator
Total Est. Monthly Carrying Cost:
$23,948
($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
- Location and Convenience: This spacious full floor loft is located in the desirable Gramercy Park neighborhood, conveniently near the 6, N, R, W subway lines, Madison Park, Gramercy Park, and numerous restaurants, markets, and shops in Flatiron.
- Building Features: The loft is housed in a pre-war boutique building built in 1912, with only 12 units, ensuring privacy and exclusivity. The building is pet-friendly, self-managed with low maintenance, and has a flexible sublet policy.
- Loft Features: With approximately 4,000 square feet of space, the loft boasts high ceilings of approximately 12 feet and triple exposures (North, East, and South) with 15 large windows, providing ample natural light.
- Security and Accessibility: The loft has a private and secure keyed elevator entrance, and the building is equipped with an intercom and elevator for added convenience and security.
- Flexibility: The loft can be converted from a commercial office space to a residential space, or it can continue to be used as a Live/Work space. The building also allows parents buying with or for children, guarantors, and Pied A Terres.
- Financial Advantage: The seller pays the flip tax, and the loft is a blank canvas that can be customized to the new owner's preferences, offering potential savings and personalization.
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 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, a new owner has the opportunity to convert its current Commercial Certificate of Occupancy into a residential C/O usage as of right, as many of the lofts in the building have already done, or one can continue to utilize the loft as a Live/Work 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. * SHOWING Tuesdays and Thursdays between 10am and 2pm, and Thursdays between 4pm and 5pm. (24 hours notice and registration required given it is a commercial office). All other showing times Monday-Friday from 10am-4pm outside of the time windows stated above must be requested at least 72 hours in advance. No weekend showings are currently available. ** Some images are virtually staged for visualization and conceptional purposes only.
All dimensions and measurements on floorplans are approximate. Please consult an architect.
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, a new owner has the opportunity to convert its current Commercial Certificate of Occupancy into a residential C/O usage as of right, as many of the lofts in the building have already done, or one can continue to utilize the loft as a Live/Work 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. * SHOWING Tuesdays and Thursdays between 10am and 2pm, and Thursdays between 4pm and 5pm. (24 hours notice and registration required given it is a commercial office). All other showing times Monday-Friday from 10am-4pm outside of the time windows stated above must be requested at least 72 hours in advance. No weekend showings are currently available. ** 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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