Perched on the 7th floor, overlooking the bucolic East 77th Street with it’s landmarked townhomes, you will find this stunning, triple-mint renovated home, renovated approximately 6 years ago. You step off the elevator onto a semi-private landing, shared with one other apartment. You are drawn to the grand proportions of the oversized living and dining rooms with large windows, 10-foot ceilings, a wood burning fireplace, herringbone floors and crown moldings. Formerly a Classic 8, the layout was reconfigured to suit the current owners lifestyle with the formal dining room currently being used a family/tv room. The Bulthaup eat-in chef’s kitchen offers two windows, a 6-burner Wolf range, Gagganeau vented hood, SubZero refrigerator, wine fridge and Miele dishwasher. Off the kitchen you will find a windowed laundry room and pantry area and a full-sized vented W/D. This room leads to the home office (or another possible small bedroom, ) with a full, windowed bath. On the south side of the apartment, there's a den/family room and large dressing room, both south facing, connected by a windowed Jack and Jill bathroom. Both of these rooms are possible bedrooms and are used as such in other D-lines in the building. The den/family room is a very large room, over 20 ft long, with a WIC. The dressing room has a smoked mirrored wall comprised of other custom closets and a walk-in closet. A beautiful arched doorway leads to the primary bedroom - it's spacious, pin-drop quiet and gets southwest light streaming through a wall of windows. The windowed primary bath has a large soaking tub, a sizable stall shower with a rain shower head, a hand-held, and is complete with all luxury fixtures. There's a multi-zoned central A/C system and countless custom closets throughout. 850 Park Avenue is an impeccably run, full service cooperative with a live-in Super and 24-hour doorman. This white glove, prewar, 12-story building has approximately 50 apartments and was built in 1924. There's a private storage unit, 8”10 H x 5’1 W x 5’11 D located on the roof which transfers with the apartment, bike storage, a fitness room and an outdoor 1/2 basketball court/courtyard/play area. The co-operative is pet friendly and pied-a-terré buyers are permitted upon board approval. The building allows for 30% financing and there is a 2. 5% flip tax paid by the buyer. Currently there is a monthly building assessment in place, of $1, 564 which runs through October 2024 for the roof, facade repairs and a new boiler.
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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 | $4,396,000 | $4,396,000 | $4,396,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,004 | $27,786 | $37,692 |
Total Monthly Payment | $26,129 | $27,911 | $37,817 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.