Brokers Note: We're delighted to share that this highly-coveted building recently relaxed financing requirements. Please reach out for details and further information.
We're excited to welcome prospective purchasers to this grand, iconic, historic home where midtown meets the Upper East Side. At far over 3, 000 SF, it offers scores of linear feet of formal living and dining space, three luxurious bedrooms with en-suite bathrooms, and an eat-in kitchen and adjacent butler's pantry. Other grace notes include a fireplace, high ceilings, classic mullion windows, and a private elevator landing and vestibule. Just recently re-launched for sale, we have brand-new photos and a digital album of hot-off-the-press potential floor plans. And for shoppers and strollers returning to the city to celebrate the holidays, we're delighted to offer expanded showing hours, before or after you visit our neighbors in the exclusive dining, hospitality and retail corridors of Fifth Avenue, Madison Avenue, and of course, Park Avenue.
510 Park Avenue is a boutique, white-glove, pre-war cooperative, designed by F. H. Dewey and Company in 1925. The building has a dedicated full-time staff, gym, and bicycle storage, and personal storage conveys with this unit. Additionally, pets and pieds-a-terre are welcomed.
Please call or e-mail with any questions or to schedule a visit. We look forward to welcoming you!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $2,400,000 | $2,400,000 | $2,400,000 |
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 | $13,627 | $14,973 | $20,091 |
Total Monthly Payment | $13,752 | $15,098 | $20,216 |
* 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.