Located on lower Fifth Avenue in the heart of Greenwich Village, this meticulously renovated one bedroom is the quintessential pre-war home. This classic layout includes a well-proportioned entry foyer with a coat closet, which opens to a remarkably expansive living room featuring 10 foot beamed ceilings, elegant hardwood floors and an over-sized window overlooking tree tops on Fifth Avenue. The adjacent bedroom faces west and has a large fully built out closet. The redesigned windowed kitchen has been finished with custom white cabinetry, black granite counter tops and stainless steel appliances. A newly renovated bath completes the layout.25 Fifth Avenue, between 9th and 10th Streets, is a pre-war condo with a full time doorman, live-in super, windowed fitness center (with Peloton Bikes and Woodway Treadmills), laundry room, private garden, storage and bicycle room. Located just two blocks north of Washington Square Park, this location is in the center of Greenwich Village, surrounded by beautiful town homes, tree-lined blocks and well-known restaurants, shopping, and transit options.
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