New York (Upper East Side), NY, 10075 | $5,000,000

Discover The Wakefield at 525 E 80th St in the picturesque Upper East Side: Residence 11BC, a newly renovated loft-style condo, boasts 5 bedrooms, 4 bathrooms, and stunning Northern and Southern exposures. A grand foyer welcomes you into an expansive living space flooded with natural light. The sunken living room features a concealed projector screen and surround sound speaker system, offering an immersive viewing experience for cozy evenings or entertaining guests. A contemporary built-in console piece seamlessly transitions into a dining area adorned with elegant chandeliers. Adjacent to the living area is a beautifully designed shelving unit, perfect for housing your personal library or cherished collections. The open layout creates a unique ambiance, great for both entertaining and everyday enjoyment. The mid-century modern chef’s kitchen features a Viking stove and double oven, a wine fridge, and custom appliances discreetly nestled within sleek oak cabinetry. Eat-in kitchen dining extends seamlessly, offering more space for that morning coffee or late-night snack. The primary ensuite is a true luxury retreat, with dual custom walk-in closets, a spa-like ensuite bath with a soaking tub and separate shower, and double vanity sinks. A custom-built king-size bed frame adds to the opulence of the space, encompassing both comfort and style. The home consists of four secondary bedrooms that offer versatile usage options, whether as home offices, dens, libraries, or any other purpose you desire. Each room is conveniently accompanied by its own ensuite bath or is in close proximity to a full bath. Large windows throughout the home are adorned with Somfy electric shades, offering both luxury and convenience. The laundry room features high-end Whirlpool washer and dryer units, along with ample storage and workspace. This home effortlessly blends spaciousness and elegance; it's a true testament to meticulous craftsmanship and modern architectural design. Built in 1981, 525 East 80th Street is a full-service, 12-story condo building with 68 units located in Yorkville. The building offers an array of amenities, including a 24-hour doorman, elevator, storage bins, bike storage, and a laundry room. This pet-friendly building is perfectly situated near Carl Schurz Park, offering an escape from the bustling city. Enjoy the posh residential neighborhood of the Upper East Side, known for its wealthy denizens, fancy restaurants and designer shops along Madison Avenue. It's a pretty neighborhood, with a mix of classic brownstones and upscale high-rises. This loft-style home epitomizes contemporary elegance with its sleek interior, warm oak finishes, soaring ceilings, and clean lines. It's a true masterpiece of modern design. With its proximity to green spaces and the convenience of modern living, this location provides the best of both worlds for discerning residents. Don't miss the opportunity to make this exquisite residence your own. There is a Transfer fee of 1% of the contract price.

Features

  • Town: New York
  • Heating: Central
  • Cooling: Other
  • Levels: 13
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 4 full
  • Lot Size: 150.000000x102.170000
  • Laundry: Building Washer Dryer Install Allowed,Common Area,Laundry Room,In Unit
  • Year Built: 1981
  • Common Charge: $3,565 Monthly
  • Approx Sq. Feet: 3,065
  • Est. Taxes: $52,884
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher,Gas Cooktop,Gas Oven,Refrigerator,Range Hood,Stainless Steel Appliance(s),Wine Cooler,Washer
  • MLS#: COMP-157322784389686
  • Days on Market: 197 days
  • Website: https://www.raveis.com
    /prop/COMP-157322784389686/525e80thstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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New York (Upper East Side), NY, 10075

$5,000,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,000,000 $4,000,000 $4,000,000
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 6.902% 6.486% 6.056%
Monthly Tax Payment $4,407 $4,407 $4,407
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $22,712 $24,955 $33,485
Total Monthly Payment $27,244 $29,487 $38,017

* 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.