216 East 47th Street, #PH, New York (Turtle Bay), NY, 10017 | $3,950,000

3BR Duplex with South View - Great For Investment

The Apartment:

A Great Investment 2400 s. f. duplex occupies the whole 32nd & 33th floor with entry via a private landing - majestic and a gem for both living and entertaining! Truly a unique layout in Manhattan, it features a stunning living and dining space of grand proportions and 12' high ceilings with fireplace, wet bar and skylight leading to a large private outdoor space. The apartment features 3 bedrooms, 3 bathrooms, beautiful wood floors, a newly renovated chef's kitchen with top of the line appliances, and ample closet space. The master bedroom has a dressing area/walk in closet, private terrace, large marble bath with a double vanity, tub and stall shower. The two additional bedrooms have ample closet space and an adjoining terrace. Quiet, peaceful and light-filled from South and North exposures. The terrace off of the living room and master bedroom has expansive and breathtaking Midtown views. Washer/Dryer. Prime location close to Grand Central Station, the UN, world-class restaurants and shops. Close to local transportation #4, 5, 6, E and M subway lines. No pets.

FOR INVESTORS ONLY UNTIL 10/2023

The Building:

The Octavia is a boutique Midtown full-service condominium building in the heart of midtown. with a F/T doorman, live in super, and laundry room. Located in the heart of Turtle Bay, it is a quick walk or subway ride to any point in Manhattan.

Note: All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of price, or change of other terms and conditions, prior to sale or withdrawal without notice. All dimensions, specifications, and other data shown are approximate. The floor plan is for guidance only, it does not create any representation, warranty or contract. For exact measurements, you must hire your own architect or engineer to verify the information contained herein.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 33
  • Amenities: Bike Room; Laundry Room; Private Storage;
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Complex: Octavia, The
  • Year Built: 1985
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Building Access : Elevator
  • Service Level: Full Service
  • LobbyAttendant: No
  • OLR#: RPLU571721828981
  • Days on Market: 907 days
  • Website: https://www.raveis.com
    /prop/RPLU571721828981/216east47thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Manhattan Boutique Real Estate, Inc.

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

216 East 47th Street, #PH, New York (Turtle Bay), NY, 10017

$3,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,160,000 $3,160,000 $3,160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,942 $19,714 $26,453
Total Monthly Payment $18,067 $19,839 $26,578

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.