Elegant & Grand, 4 Bed, 2. 5 Bath Prewar Coop with Views of Park Avenue from 7 Windows This highly desirable, one-of-a-kind home defines perfection with the ultimate features in luxury living: incredible views, grand proportions and prime location. Enter through the impressive 20’5 x 10’8 gallery to the light filled living room with oversized windows looking on to Park Avenue. This magnificent room boasts soaring 9’9 ceilings, a wood burning fireplace and is grand enough for multiple seating arrangements. Adjacent to the living room, a library (or possible fourth bedroom), flooded with light, also offers magnificent Park Avenue views. Lastly, the formal dining room, with stately proportions, completes this impressive entertaining space. The private bedroom wing features a luxurious primary suite with exquisite corner views (overlooking Park Avenue both east and south), a large walk-in closet and an ensuite bath. Two additional light filled bedrooms of grand proportions with a shared bath and abundant closets complete this private wing. Please note, an additional bathroom may be added (subject to board approval). The expansive chef’s eat-in kitchen boasts abundant cabinetry with ample storage and incredible light with five windows facing west and south. An adjacent sun-filled breakfast room provides the perfect area for casual dining or an additional home office—ideal for modern living. In addition, there is a washer dryer and a powder room. Built in 1917 and designed by W. L. Rouse and I. A. Goldstone, 876 Park Avenue is a full-service white glove prewar cooperative located on Park Avenue between 77th and 78th Street. There is a live in resident manager, a full-time doorman, a fitness center, and private storage. Pets are allowed. The building allows 30% financing, and there is a 3% flip tax payable by the buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $4,080,000 | $4,080,000 | $4,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,166 | $25,454 | $34,154 |
Total Monthly Payment | $23,291 | $25,579 | $34,279 |
* 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.