Description

Seller is priced to sell. Step into a charming prewar world as created by the renowned & prolific Architect: Gilbert A. Schellinger 1898-1900. Here is your opportunity to connect with a classic prewar building that takes you back to the times of horse & buggy in Manhattan. It puts you squarely in the center of town with a prime Union Square Park location.

This charming flat features:

Large renovated windowed eat-in kitchen with all stainless-steel appliances including a dishwasher.

Renovated windowed bath.

Huge original oak sliding doors lead you into the bedroom.

9.5 Ft high ceilings throughout & Hardwood floors

Lots of closet space.

Three quiet exposures via 6 lge windows including south, north & east. Will get some decent morning light-No Views!

Now is the time to Insulate yourself from the historically high rental prices with home ownership here @ the Swannanoa.

Pied-A-Terre and/or Investor Ownership is permitted here.

This apt would likely procure $4200 on the open rental market now. On an all-cash purchase basis, you would earn approximately 8% on your money a year with a net dividend of approximately $32,400 per year. Their are no sublet surcharges or term limits. The only strict rules are no short terms, Airbnb or guest-housing. 1 year min lease terms!

The Swannanoa is a 10-story Neo-Renaissance apartment building designed by Gilbert Schellinger who was a renowned and prolific designer of residential buildings back in the late 1800’s & 1900’s.

Attn: all students & their families. NYU, Cardozo, New School & Parsons: Plenty of time to complete a family purchase of this home & be there for the start of the winter 2026.

Math & Statistics working towards home ownership: If you were going to rent a studio apt in a centrally located downtown area such as a Union Sq Park or Greenwich village, you would be looking @ approximately $3500 (and that's the min! $4K for a doorman) per month for them to be in a safe elevator building with laundry and a resident super. Yearly, that equates to $42K You multiply that by (4) years, and you have $168K Instead of putting that toward rent, invest it towards home ownership @ "105"

Please note the following:

Parents buying with children, gifting and pied-a-terre’s are permitted.
Investor purchase is permitted.
The building is pet friendly for owners.
Down Payment requirement is 20%.

Location-You are likely aware that you are in the Heart of the prime downtown area. Union Sq affords you the prime downtown vibe with great access to Union Sq Pk with its many mass transit options incl N,R,Q,4,5,6 & L Train. Also, Iconic downtown originals icons like Forbidden Planet, The Strand Bookstore & Paragon Sporting Goods. Other prolific retail like Trader Joe’s, Whole Foods, Barnes & Noble & Target. If you are looking for reasonable & tasty local eateries, you have the Iconic Joe’s Pizza on 14th/3rd, NewsBar @ 12th/Univ Pl. & Los Tacos just to name a few of my low priced everyday faves. Time Out Food Hall now open @ Zero Irving!

Building Amenities: Gorgeous prewar elevator building with resident superintendent, modern laundry room, Cyberdoorman remote security service and two modern passenger elevators along with its classic Lobby & architecturally designed front doors. The Swannanoa is a 10-story Neo-Renaissance apartment building designed by a prolific designer of residential buildings whose name is generally associated with single-family row houses. The building was originally planned with 40 apartments, four on each floor. Its most imposing feature is the two-story base with granite pilasters and projecting portico supported by four granite columns. Above the portico are seven-story rounded bays, undoubtedly designed to provide residents with views toward nearby Union Square. The brick-faced upper floors are extensively ornamented with Terra- Cotta, including foliate detail, Cartouches, Lion heads, and Dolphins. Designed by Renowned Architect: Gilbert A. Schellinger Listing courtesy of Barkoff Residential Inc ...
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