This beautiful, sun-drenched Large Alcove Studio that has been converted to a one-bedroom offers both Southern and Western exposures with protected downtown Manhattan and Union Square views. The well-mapped layout provides a generously-sized bedroom, spacious living room, separate dining area, windowed kitchen, and four large closets provide ample storage.
The windowed, eat-in kitchen presents Western exposures and direct views of Union Square Park. With a separate, bright dining area, the space is perfectly situated for hosting. A wall of South-facing windows floods the apartment with natural light and tremendous views of downtown Manhattan. The expansive alcove studio has been transformed into a walled-off bedroom with two windows and both Southern and Western light.
This modern high-rise in Gramercy Park features a garage with a direct entrance to the recently renovated lobby. There is a full-time doorman and excellent staff. The recently updated laundry room is available for use along with storage units and a bike room. Pieds-a-terre, co-purchasing, gifting, and parents buying for working children is welcome. They also love pets. Surrounded by many parks, grocery stores, shopping, nightlife, and the Union Square subway hub, this apartment is located in one of the best areas Manhattan has to offer. There is also a limited sublet policy with board approval.
Located from 24th St. to Union Square, and from 5th St. to 1st Ave., this chic neighborhood was once home to Edith Wharton, Theodore Roosevelt, and Eugene O’Neill. The Gramercy neighborhood surrounds the only private park in New York, Gramercy Park, positioned between 20th and 21st streets. One look through Gramercy Park’s high railings will reveal a spacious garden and beautiful statues. One notable statue is of actor Edwin Booth in the role of Hamlet. In 1888, Booth founded the influential Players Club at 16 Gramercy Park. Beyond the Players Club, Gramercy is also home to many great restaurants and shops.
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