Wonderful Oversized "Junior Four" located on serene and quiet Sutton Place South! This large one bedroom convertible two bedroom is renovated with new wood floors, an open kitchen with Stainless steel appliances, a big pantry and abundant custom cabinetry. Cooking and entertainment is seamless with lengthy countertops and comfortable counter seating for guests. The gracious entry foyer has a double sized coat closet and a beautiful powder room. The living room is exceptional in size with an adjacent large dining area which can easily convert to a second bedroom. This home faces a quiet side street off Sutton Place. The Prime bedroom is king-sized and has a dressing room, plus enormous walk in closet and beautiful renovated ensuite bathroom. The apartment benefits from new through wall Ac/heat units. This is home you can just move into. The best priced junior four with 1. 5 bathrooms on Sutton Place ( that doesn't require a renovation).
50 Sutton Place South is an exceptional white glove luxury cooperative with a full time doorman and concierge, a garage and a main floor windowed gym. Perfectly located on Sutton Place South, a serene river front enclave, convenient to transportation, great shopping, and both fine and casual dining options. Enjoy relaxing or exercising on the East River Esplanade. Pied a terre, and pet friendly.
65% financing permitted and a 2% Flip Tax paid by buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$620,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $496,000 | $496,000 | $496,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,300 | $3,297 | $4,183 |
Total Monthly Payment | $3,392 | $3,389 | $4,275 |
* 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.