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.
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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** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $24,510 | $26,893 | $35,726 |
Total Monthly Payment | $24,635 | $27,018 | $35,851 |
* 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.