988 Fifth Avenue, #4, New York (Upper East Side), NY, 10075 | $22,000,000

Elegant and rare full floor Pre-war Condo overlooking Central Park. Built in 1925 by one of the foremost grand architects of the prewar era, J. E. R Carpenter, this corner 4 bedroom, 5 and one-half bath residence has about fifty feet Central Park frontage, and seamlessly combines old world grandeur with all of today's modern-day conveniences.

The private elevator vestibule opens to a spacious gallery opening onto all of the entertaining rooms. The grand formal living room faces Central Park and the famed Metropolitan Museum fountains to the North. This spacious front living room has a fine wood-burning fireplace and opens to a cozy English pine paneled library to the east. Adjacent to the living room is a large formal dining room also facing Central Park, and perfectly suited for entertaining of any size. Off the dining room is a spacious Chef's kitchen with breakfast area and spacious butler's pantry. Through the pantry one can access a home office, and a guest room with full bath, as well as laundry. A beautifully appointed guest bath is also located off the gallery.

A corridor off the north end of the foyer leads to three bedrooms, affording maximum privacy. The corner, primary bedroom suite is located at the easternmost end, and also has a wood burning fireplace, two bathrooms and generous closet space throughout. The two additional bedrooms have en-suite baths, walk-in closets and lovely views over the tree-lined street. 988 is a white glove, pet friendly, condominium located in the epicenter of the Upper East Side. Each condominium is full floor, only 12 owners in the building, affording excellent service to every resident. Each apartment has a designated storage bin which transfers.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 14
  • Amenities: Laundry Room;
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 5 full / 1 half
  • Year Built: 1925
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Washer/Dryer Hookups: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU33422320592
  • Days on Market: 634 days
  • Website: https://www.raveis.com
    /prop/RPLU33422320592/988fifthavenue_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 Corcoran Group

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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

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988 Fifth Avenue, #4, New York (Upper East Side), NY, 10075

$22,000,000

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 $17,600,000 $17,600,000 $17,600,000
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 $99,931 $109,801 $147,333
Total Monthly Payment $100,056 $109,926 $147,458

* 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.