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Amazing Alcove Studio in the Heart of Chelsea!
Welcome to your new home! Residence 702 at The Kensington House is a gorgeous over-sized studio with oak floors and high beamed ceilings.
The apartment features a generous foyer that can be used as a flex space or dining room and an updated kitchen with stainless-steel appliances and plenty of cabinet space. The spacious sunken living room accommodates a sitting and entertainment area large enough for a queen bed and dresser. The tranquil bathroom has bathtub / shower combination. Two ample closets and a desk/storage area complete this wonderful home.
Convenient to transportation (1, C, E, F, M, & Path), the High Line, Trader Joe’s, Whole Foods, Chelsea Market, Union Square Farmer’s Market, Eataly, as well as the West Village, Gramercy and Meatpacking this the perfect downtown location for you.
Kensington House is a pet friendly prewar Art Deco style building designed by famed architect Emory Roth (whom also designed The Beresford and The San Remo). Amenities includes full-time doorman, live-in Superintendent, package room and laundry room. The furnished common roof deck with wrapped around city views, plants, tables and lounge chairs is perfect for entertaining. Storage bins and bike storage are available for rent.
FLEXIBLE Co-Op!!! Unlimited subletting after 1 year of owner occupancy and pets are allowed with Board approval. First time buyers welcomed, gifting and pied-a-terre permitted, however NO Co-Purchasing, Purchasing by Parents or Guarantors.
There is a small assessment of $98.60/month until July 2021 for new noise reduction windows which are already in place. The building allows 80% max financing and the deductibility of maintenance is ~ 67%.
This is the home you have been looking for!
Chelsea extends from 14th Street to 29th Street, west of Sixth Avenue (Avenue of the Americas) to the Hudson River. Chelsea is located near the garment district and is in the midst of the flower district. Apartments in this neighborhood are comprised of many walk-up buildings, lovely brownstones, and loft-style structures. Many new stores have opened up along Sixth Avenue and an impressive assortment of restaurants can now be found on Eighth Avenue. The area is home to the Joyce Theater and many other noteworthy art galleries located on the westernmost blocks of the neighborhood.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more