983 Park Avenue, #6C, New York (Upper East Side), NY, 10028 | $5,000,000

Now reduced to $5. 2M from its original price of $5. 9M, this true 5-Bedroom home offers unparallel value for a layout of such magnificent and rarely found grand scale, in one of Park Avenue's most coveted prewar buildings.

From a semi-private landing you step into an impressive 24'x9' gallery which acts as the center stage for what is the perfect layout: side by side baronial-sized living room and dining room creating a flow ideal for entertaining; a large eat-in kitchen adjacent to the dining room; a separate bedroom wing with 4 of the 5 bedrooms measuring over 20 feet in length; a library with its own full bathroom which makes it easily convertible to a bedroom; and a 5th bedroom, separate from the rest, which makes it ideal as a guest room or staff room.

Other special features of this well maintained home include: lovely southern exposures and light, a wood-burning fireplace in the Living room, high ceilings, a designated laundry room, a large pantry with tremendous storage space, ample closet and storage space throughout replete with two walk-in closets in the primary bedroom.

Built in 1927 and designed by Schwartz & Gross, this white glove, full service, prewar building features one of the most beautiful lobbies on Park Avenue. It offers 24-hour doorman, concierge, live-in resident manager, porters and a superb staff. It has a large state-of-the art gym, basketball court, bike room, common laundry, individual storage bins and quite possibly one of the cleanest and best organized basements you will ever see. Pets are welcome. Maximum financing permitted is 50% and there is a Flip Tax paid by the purchaser (please inquire for specifics) .

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 14
  • Amenities: Bike Room; Fitness Room; Basketball Court; Laundry Room; Private Storage;
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 4 full
  • Year Built: 1927
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Washer/Dryer Hookups: Yes
  • Building Access : Attended Elevator
  • Service Level: Full Service
  • OLR#: RPLU33422388246
  • Days on Market: 456 days
  • Website: https://www.raveis.com
    /prop/RPLU33422388246/983parkavenue_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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983 Park Avenue, #6C, New York (Upper East Side), NY, 10028

$5,000,000

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 $4,000,000 $4,000,000 $4,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,662 $25,283 $34,297
Total Monthly Payment $23,787 $25,408 $34,422

* 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.