At the Armory, owners enjoy the live-work lifestyle that more and more people are seeking but cannot find. Move right into this sprawling 2 BR, 2 bath duplex with a loft-like first floor offering oversized windows and a wood burning fireplace. A spiral stair connects the living area with the bedroom level, and there is also a private entry on both floors. The open kitchen has maple cabinetry, granite counters and adjacent windowed dining area. There are 2 bathrooms plus powder room, all renovated in a contemporary style. A first floor bonus room is perfect as work space or additional bedroom. There are tonnes of closets including a large walk-in for the Master Bedroom. A newly renovated lobby and full-time doorman greet you as you enter the building and there is a resident manager on site. There are 2 laundry rooms per floor and bike storage in the basement. Subletting and Pied-a-terres are permitted with board approval. "The Armory" is ideally located between Hudson Yards and Hell's Kitchen, and just one block from the river front with its extensive recreation including bike paths and dog parks. Very recently, creative cultural event spaces, diverse shopping and new restaurants have arrived to share the neighborhood with the nearby theatre row and long established shops and businesses. For commuters, 42nd Street offers easy access to the West Side Highway and Lincoln Tunnel.
The westside neighborhood of Hell’s Kitchen is so nicknamed because of its past notoriety, but the neighborhood’s adjacency to midtown businesses and the theater district has sustained widespread gentrification spanning the past several decades. The increasingly upscale Hell’s Kitchen, a perpetually iconic neighborhood due to its history, and countless restaurant and nightlife options, is now home to young professionals, as well as long-time residents. Hell’s Kitchen, with its tree-lined side streets, is home to the much-publicized Hudson Yards Redevelopment, yet remains more affordable than some other neighborhoods similarly referenced in pop culture, like nearby Chelsea.
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