305 East 61st Street, #PH1, New York (Upper East Side), NY, 10065 | $11,600,000

Archive Lofts, where Tribeca-style living meets an East side address. This one-of-kind loft conversion that refashions a historic former art warehouse, discreetly tucked away in Lenox Hill. Archive Lofts delivers something completely unexpected: a rare opportunity to experience character and downtown atmosphere unlike anything else uptown. Archive Lofts offers 35 top-of-the-line condominium residences developed by Forkosh Development Group, with interiors by Forkosh Design Group, and architecture by C3D.

Residence PH1 is a spacious 3, 700 SF five-bedroom five-bathroom full-floor residence featuring 1, 800 SF of private terrace and impressive outdoor kitchen. This exceptional home offers south, east, west and north exposures, 11-ft ceilings, 5-in wide plank engineered oak floors in a chevron pattern, and a keyed elevator entry.

The state-of-the-art kitchen features a Miele appliance suite including wine refrigerator, garbage disposal, instahot water heater, Colorado marble waterfall island, Siematic integrated Graphite Grey cabinetry, and Signature polished nickel fixtures.

The gracious layout features an open kitchen with large island leading to both formal and informal dining, a separate area fully dedicated to entertaining complete with wet bar that features stunning black marble counter tops, additional wine refrigerator and stunning illuminated wine wall storage amongst an expansive 49-foot living room. All windows feature Juliet balconies that welcome in an abundance of natural light as well as floor-to-ceiling sliding glass doors.

The primary suite features an two oversized walk-in closets, additional Library/Home Office, and a dual-vanity bathroom, with a deep soaking Kohler infinity tub and separate glass walled shower, finished in Venatto porcelain honed floor and polished wall tile with Italian marble accent, and polished nickel fixtures.

Additional features include a top-of-the-line Miele washer-dryer, an abundance of storage and closet space, as well as radiant heat in all full bathrooms.

Archive lofts offers a curated list of private amenities including a 24-hour attended lobby, fitness studio, bicycle storage, resident lounge, and a furnished roof deck complete with a wet bar and outdoor grill.

The complete offering terms are in an offering plan available from sponsor. File No. CD-16-0217. Sponsor ASF 61 LLC c/o Coral Realty 400 Broome Street, 11th Floor New York, New York 10013. Equal Housing Opportunity. Purchasers may rely only on the Offering Plan, not marketing materials, when deciding whether to purchase a Unit. Sponsor reserves the right to make changes in accordance with the terms of the Offering Plan.

The projected real estate taxes for the first year of operation contained in this advertisement are based on an assessment of the building before construction is complete. Purchasers are advised that real estate taxes may increase materially when the building is reassessed after construction is complete. Note: photography is of the exact or similar unit represented within the building.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 12
  • Amenities: Bike Room; Fitness Room; Lounge; Roof Deck; Common Storage; Private Storage;
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 5 full
  • Complex: Archive Lofts
  • Year Built: 1900
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Building Access : Elevator
  • Service Level: Concierge
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU33422745783
  • Days on Market: 254 days
  • Website: https://www.raveis.com
    /prop/RPLU33422745783/305east61ststreet_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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305 East 61st Street, #PH1, New York (Upper East Side), NY, 10065

$11,600,000

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 $9,280,000 $9,280,000 $9,280,000
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 $54,895 $58,656 $79,569
Total Monthly Payment $55,020 $58,781 $79,694

* 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.