This classic and quiet Pre-War gem in the heart of the Village is truly a rare find. The apartment exudes old world charm with its classic details such as high beamed ceilings, hardwood floors throughout, an arched entryway and the living room's coveted wood burning fireplace, giving the feel of a true home. The kitchen is spacious with plenty of counters, storage and a separate dining area. Closet space is plentiful with two large closets in the spacious bedroom, a double deep coat closet and a separate linen closet. The entire apartment faces south, allowing in nice light from its multiple windows. Located in one of Lower Fifth Avenue's premiere full-service co-op buildings, 51 Fifth Avenue features a 24-hour doorman, full-time super, gym, private storage and bike storage and is located steps from Union Square, Washington Square Park and every mode of transportation, restaurant or shopping need.
Greenwich Village (also known as West Village) extends from Houston Street to 14 Street west of Fourth Avenue and Lafayette Street. However, Greenwich Village proper is now thought of as being the area west of Sixth Avenue and Greenwich Avenue. The Village has been widely known as a bohemian community of artists and writers since the 1920s, yet is a neighborhood that never stops evolving and reinventing itself. With New York University, Washington Square Park and a busy shopping district at its center, it continues to be a popular and active place to live. Every turn can bring you to a place rich with city history. Due to the lack of high-rises, the residential streets remain beautiful and elegant with many attractive old brick townhouses and pre-war apartments. There are also many classic condo and co-op buildings in the area.
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