Just half a block from Central Park, 48 West 88th Street occupies a grand position on a tree-lined street between Central Park West and Columbus Avenue. The 20' wide pre-war mansion townhouse was originally designed in 1889 by Thom & Wilson. This meticulously cared for home spans approximately 7, 300 sq ft and includes 5 bedrooms, 5 bathrooms, 2 powder rooms, and a newer elevator. Streaming light from large windows give an immediate sense of warm while art walls and tall ceilings, up to 11', give stately proportions to every room. The feeling of relaxation and tranquility continue onto a south-facing, landscaped garden and an additional terrace off the living room. Although the exterior is full of pre-war brownstone charm, the interior emits a modern, neutral aesthetic.
The main entrance on the parlor level leads to a large foyer gallery with immense formal dining room with fireplace and south-facing living room with a wood-burning fireplace. A wide entertaining terrace off the living room overlooks the home's garden with sun dappled by a tasteful electric awning. This floor also has a beautifully appointed powder room.
A second entrance from the street opens to the garden level featuring a generously-sized library with wood-burning fireplace. The room continues with a study/office area with two built-in desk spaces, lots of storage, and a powder room. A large eat-in kitchen faces the south-facing manicured garden. Cabinetry abounds and kitchen appliances are professional-grade by Viking and Sub-Zero; including a gas range with vented hood, double 36" fridge/freezers, two dishwashers and a Frigidaire wine cooler.
The primary suite spans across the whole third floor. The bedroom space has bright southern exposures, two enormous walk-in closets and a luxurious en-suite bathroom. The primary bathroom has a white marble walk-in shower, a window-facing deep soaking tub, double sinks in matching marble, and a separate water closet.
The fourth-floor features two large bedrooms. The north-facing bedroom has multiple closets and a Juliette balcony with views over the tree-lined street and brownstones. The southern bedroom faces the terrace and garden below and has a windowed en-suite bathroom and walk-in closet.
The fifth floor has two additional bedrooms. The north-facing room is currently a media room with fireplace and an adjacent kitchen and bathroom, perfect for entertaining. This can also be used as a full guest or in-law suite. The south-facing bedroom has a walk-in closet and en-suite bathroom with a walk-in shower room. A staircase to the roof with solar panels is accessible from this level.
The house features an integrated Crestron system, central air-conditioning, two laundry rooms, and a finished cellar with a temperature-controlled wine cellar, extensive storage spaces, and walk-in cedar closet.
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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 | $7,960,000 | $7,960,000 | $7,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,822 | $50,313 | $67,171 |
Total Monthly Payment | $45,947 | $50,438 | $67,296 |
* 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.