875 5th Avenue is superbly located to enjoy the seasonal changes of the majestic trees of Central Park. Apartment 16D is a classic six room, light filled apartment which enjoys side-views of the park from the living room and primary bedroom and open sky and city views throughout the rest of the apartment. An entrance hall, with a large coat closet, leads into a gracious corner, twenty-four-foot living room with lovely views of landmarked townhouses on East 69th Street through to Madison Avenue. The square dining area across the foyer from the living room has built-in bookcases and could also be used as a den. The primary bedroom has an en-suite windowed bath and large closet space. The two south facing bedrooms also have abundant light and storage. The smaller one would be perfect for a home office, staff room, or small guest room. There is a full bath in the hallway and the possibility of adding a third full bath or powder room if desired There is an ample size windowed kitchen with abundant counter and storage space. 875 Fifth Avenue is a 19-story glamourous, art-deco, pre-war, full-service cooperative designed by Emory Roth and completed in 1941. It has a state-of-the-art gym, newly built lobby lounge and business center complete with kitchen and bathroom facilities, full time doorman, live-in building manager, laundry room and bike room. No pets. Pied-a terres permitted. Flip tax 4% paid by purchaser. 50% financing. Washer/dryer may be installed in units with Board approval.
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William Raveis Real Estate
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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 | $1,480,000 | $1,480,000 | $1,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,945 | $8,755 | $12,191 |
Total Monthly Payment | $8,070 | $8,880 | $12,316 |
* 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.