Welcome to the PH at 940 Park Avenue, a dignified duplex with up to 5 bedrooms and 4 full bathrooms spanning a generous 3, 160 square feet. Marvel at the expansive wrap-around terrace, a stunning 775 square feet of outdoor bliss offering open views that capture the essence of Manhattan living.
Step into an elegant entryway that sets the tone for the entire residence. The living room exudes warmth with a wood burning fireplace and showcases architectural beauty through huge arch-shaped windows. The interiors are bathed in natural light from all four exposures, also providing skyline views.
The eat-in kitchen was recently renovated to perfection. A grand table, accommodating 8, sets the stage for memorable gatherings. Culinary enthusiasts will appreciate the two large islands and top-of-the-line appliances, including a Miele dishwasher, 6-burner gas stove, professional salamander, and a Sub-Zero refrigerator.
The primary suite is privately located on the second floor of the duplex and is spacious with multiple closets, a large en-suite bathroom, and a separate dressing room. This level provides access to the terrace from the second living area.
Convenience is key with an in-unit washer and dryer, central A/C downstairs, and split units upstairs.
940 Park Avenue is a full service cooperative. The penthouse resides on floors 15 & 16. The building offers a full time doorman and storage that trades with each apartment. 50% financing is required and there is a 2% flip tax. Pets are allowed. Sorry no pieds-a-terre.
Some photos are virtually staged. While the kitchen was renovated the rest of the home still needs remodeling.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,775,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $5,420,000 | $5,420,000 | $5,420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,630 | $34,258 | $45,737 |
Total Monthly Payment | $31,755 | $34,383 | $45,862 |
* 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.