New York (Midtown East), NY, 10022 | $50,000

*Subject to Board Approval. Currently a raw space and owner would be responsible for building out the space at tenant's expense. * This sun-drenched home features north, south, east, west exposures, 2 private terraces totaling approximately 688 square feet of exterior space, and a private elevator landing. The residence can be reimagined in a variety of layouts to suit one’s specifications and desires. The space allows for a configuration of 3 generously proportioned bedrooms and up to 4. 5 bathrooms. Perched on the 25th floor of the legendary Ritz Tower and situated on the northeast corner at 57th Street, this landmarked building offers unrivaled five-star white-glove service, daily maid service, a full time doorman, concierge, valet service, a newly renovated fitness center, conference/party room, and live-in superintendent. Owners are welcome to lunch and dinner served in their private home prepared by the Ritz Tower’s exclusive Chef, available 5 days a week. The Ritz Tower is located in close proximity to Central Park, Madison Avenue boutique shops, Bloomingdales and many of New York City’s fine dining restaurants such as The Polo Bar, Avra Madison Estiatorio and Daniel . Constructed in 1925, this elegant limestone-clad pre-war cooperative was designed by Emery Roth and Thomas Hastings. At the time, this 41-story tower was the first tallest residential building in the city. New York City’s apartment building height regulations applied to apartments with individual kitchens, which the Ritz did not offer. This meant that the Tower could be built much higher than any of its contemporary residential buildings. The Ritz is considered to be a strong symbol of a transition in American architecture, with Hastings and Roth incorporating a strong classical style into a building of ground-breaking height and size. According to Robert A. M. Stern, Gregory Gilmartin and Thomas Mellins, the Ritz Tower “was intended from the beginning to be the apogee of urban living. ”

Features

  • Type: Condominium
  • Town: New York
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 4 full / 1 half
  • Units: 121
  • Lot Size: 112.500000x100.420000
  • Laundry: Building Washer Dryer Install Allowed,Common Area
  • Year Built: 1926
  • Approx Sq. Feet: 0
  • Lot Size: 112.500000x100.420000
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: COMP-108553326730837
  • Days on Market: 696 days
  • Website: https://www.raveis.com
    /prop/COMP-108553326730837/465parkavenue_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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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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New York (Midtown East), NY, 10022

$50,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $40,000 $40,000 $40,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $266 $266 $337
Total Monthly Payment $341 $341 $412

* 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.