A minimalist masterpiece by Michael Gabellini, FAIA, this very sophisticated and sun-flooded residence is surrounded by gorgeous, expansive terraces. Conceptually unified and with extraordinary attention to detail, fabrication, and materials, the apartment is sublime. With four exposures, the glamorous, sun-flooded rooms of this apartment are presented as a serene horizontal spatial field defined by French plaster walls and ceilings, and a continuous, honed limestone floor. The living spaces are treated as connecting, open courtyards articulated by striking volumes of ribbon mahogany. The dramatic Living Room is immense. Facing west over Park Avenue, it opens to two bookmatched terraces with southern views down Park Avenue and extraordinary western views of Central Park and the iconic Rosario Candela buildings that flank East 73rd Street across the Avenue. Nearby, an open Library accesses a gorgeous Guest Bedroom Suite by way of extraordinary bespoke glass and steel rolling doors. Within the Bedroom Suite, an ensuite bath glows with translucent glass walls. The open Library also adjoins the well-proportioned Dining Room. Perfect for entertaining, it opens to a large east-facing Terrace and to the sleekly-designed stainless steel chef’s Kitchen. The Kitchen is supremely functional as well as stylish. Beyond, there is an Office with a convenient murphy bed and a full Bath. Gloriously sunny and serene, the expansive Primary Bedroom benefits from southern and western exposures and incorporates two spacious dressing closets. Its very tranquil ensuite Bathroom features hand-selected and carved marble sinks and translucent glass walls. Conceived with an art collector in mind, Michael Gabellini's design incorporates floating walls and thoughtful sightlines and focal points. Further, the apartment benefits from gallery lighting and hanging systems, as well as triple-paned windows: throughout the residence, light is well placed, and the apartment is extraordinarily silent. With an ideal and highly desirable Upper East Side location, 785 Park Avenue is a prewar cooperative with impeccable service. Amenities include a state-of-the-art private fitness center, individual storage bins, and a beautifully landscaped roof garden. Offered in impeccable condition, this gorgeous and architecturally significant apartment is an exceptionally stylish oasis. 50% Financing Permitted; 2% Flip Tax paid by buyer; Pets are welcome. Co-exclusive.
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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 | $7,960,000 | $7,960,000 | $7,960,000 |
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 | $45,196 | $49,660 | $66,635 |
Total Monthly Payment | $45,321 | $49,785 | $66,760 |
* 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.