650 Park Avenue Three Bedroom + Three and a Half Bath Residence
Residence Features:
MASSIVE PRIVATE TERRACE with separate areas for dining and hosting
Oversized dining room off terrace
Laundry In Unit
Two King Sized Bedrooms Privately Located Away From Living Spaces
Guest room/Home office conveinently located off kitchen with separate entrance/bathroom
Windowed chef s kitchen opportunity/wall between kitchen + dining can come down
Maple Wood White Glossy Cabinetry For A Sleek Modern Look
Porcelain Floor Tiles
Beautiful eastern and western views throughout
En-Suite Bathroom
Large Closets Throughout
Powder Room
ALL photos include virtually rendered furniture
Building Features:
Rooftop
Full Time Doorman
Live-In super
Fitness Center
Storage
Laundry Room
Building Policies:
Pieds-a-Terre Allowed
Subletting Not Allowed
Max Financing- 50% of purchase price
Pets Are Welcome
Flip Tax 2%. Payable By Buyer
This 21-story, 99-unit white-brick co-op building, built in 1962, was designed by Kokkins & Lyras, whose other Manhattan buildings include 16 Sutton Place and Sutton Town House. The buildings prime Park Avenue location makes it a neighbor to the boutiques along Madison Avenue as well as art galleries, museums, restaurants and all that the Upper East Side has to offer; the Lexington Avenue subway station is just a block away.
There is an assessment of $440. 10 expected to conclude in the Spring 2025 that is addressing LL11 and garage work
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,299,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,839,200 | $1,839,200 | $1,839,200 |
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 | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,443 | $11,474 | $15,396 |
Total Monthly Payment | $10,568 | $11,599 | $15,521 |
* 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.