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$878,150
List Price: $895,000
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529 West 42nd Street #5M
Coop in Hell's Kitchen •  building info
1bd • 1ba
Buy with Yoreevo

$878,150

List Price

$895,000

Key Details
Days on market
65
Last price change
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Estimated payment
$6,641/mo
Taxes
Included in maintenance fees
Maintenance
$2,115/mo
Description
Welcome to an exceptional opportunity to transform a unique NYC loft into your dream space. This apartment, part of a deceased estate, requires a complete gut renovation, presenting a blank canvas for those with a vision. With soaring 14-foot ceilings, this expansive loft invites creativity and the possibility of reimagining the layout to suit your style. The unique features of this property, such as the high ceilings and potential for a complete redesign, make it a one-of-a-kind opportunity. The potential here is limited only by your imagination. Use the generous cubic footage to maximize the space with additional rooms or open-concept designs. The apartment boasts large oversized windows that flood the space with an abundance of natural light, creating a bright and airy atmosphere. While it may require significant updates, the delightful potential for beautiful parquet flooring and ample storage is worth exploring. Located at The Armory, this building captures the dynamic essence of New York City, known for its artistic flair. The building features amenities like a designated bike room, a shared rooftop deck, personal storage options, and a resident superintendent. Enjoy the convenience of 24/7 doorkeeper service and elevator access. Laundry facilities are available on every floor; pets are allowed with board approval. Situated at 529 West 42nd Street, The Armory is zoned for live/work use, granting you the flexibility to tailor the space to your residential or business needs. The building encourages co-purchasing, subletting, and using guarantors, promoting a sense of community and partnership. Financing options include 80% financing and no flip tax, with minimal rental restrictions that make short-term rentals (3 to 12 months) feasible right after purchase. Don't miss this rare chance to reconfigure a piece of NYC history. All information regarding the property is deemed reliable, though Douglas Elliman does not guarantee its accuracy. Regulations are subject to change, and interested parties should consult for the most current property conditions.

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Important Stuff
Elevator
Full Time Doorman
Unit features
Storage Available
Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Live In Super
Building info

History
What it'll cost
Purchase price
$895,000
Asking Price: $895,000
Term
30 Years
Down Payment
$179,000 (20%)
Min: 20% (179,000)
Rate
6.5 %
Mortgage Amount
$716,000
Mortgage Payment
$4,526
Maintenance
$2,115
Estimated Yoreevo rebate
$16,850
Estimated closing cost
$7,000
Total monthly cost $6,641
Buy your dream home with us and get an estimated $16,850 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Douglas Elliman

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