1 Sutton Place South, #7C, New York (Sutton Place), NY, 10022 | $5,250,000

THE RIVER IS EVERYWHERE

In the mist of a cosmopolitan city, walking home to One Sutton Place South is like walking home to the country. Each block is quieter than the last, until you arrive at a serene, elegant limestone cooperative built in 1927 by Henry Phipps, Jr. Upon entering, you are greeted by elegant green gardens followed by views of the incomparable East River.

UNIQUE BUILDING FEATURES
This building is positioned on the eastern side of Sutton Place South directly overlooking its own gardens and the riveting currents of the East River. It has a covered Porte-Cochere that makes entry to this building particularly private. There are three attendants who provide immediate assistance.

THE RENOVATION
Engaging the most talented artisans and designers, this 2 bedroom two-and-a-half bath residence has been skillfully restored and renovated by the owner to include features such as: new windows, electric, and plumbing; steam shower and jacuzzi in the master suite; working wood-burning fireplace in the living room; central air-conditioning with two air compressors and humidification system; audio and alarm system; restored original wood paneling and an unusually large private storage room in the basement measuring 7'8" x 12'2".

THE APARTMENT
There are 13 windows each with East River views. Just those windows facing east offer over 50 feet of East River views. There are 3 corner rooms that increase the light that spills into this apartment.

The first corner room, the living room, also has a wood-burning fireplace and faces both east and south. The master suite is the second major corner room, granting a panorama encompassing Morgan and Vanderbilt's townhouses on Sutton Place to the north and the 59th Street bridge to the east. The master suite begins with hallways replete with storage: two large closets as you enter and an array of custom-designed closets between the master bedroom and bath. The windowed master bathroom includes a steam shower and Jacuzzi bathtub. The third corner room is a kitchen with a gorgeous eight Riverview.

This apartment is distinguished by its gracious and spacious layout of beautifully proportioned rooms. Sunlight spills into each room through all 13 windows of this masterfully renovated residence. 3% flip tax paid by the purchaser.

In summary, it has been said that nothing does more to combat stress and to maintain health than to be in the presence of nature and water. This apartment offers both in abundance.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 14
  • Amenities: Garden; Fitness Room; Laundry Room; Common Storage; Private Storage;
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Complex: One Sutton Place South
  • Year Built: 1925
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Building Access : Attended Elevator
  • Service Level: Full Time Doorman
  • OLR#: RPLU21922046232
  • Days on Market: 819 days
  • Website: https://www.raveis.com
    /prop/RPLU21922046232/1suttonplacesouth_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 Brown Harris Stevens Residential Sales LLC

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1 Sutton Place South, #7C, New York (Sutton Place), NY, 10022

$5,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $4,200,000 $4,200,000 $4,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.795% 6.472% 5.966%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $24,178 $26,203 $35,159
Total Monthly Payment $24,303 $26,328 $35,284

* 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.