RARE OPPORTUNITY to create a bespoke 3000+ sqft residence in one of Carnegie Hill’s most desirable and sought after buildings, 19 East 88th, just seconds from the Guggenheim and Central Park. (Please see proposed Floor Plans. ) Unit 7A (approximately 1800 sqft) & 7BC (approximately 1325 sqft)— both seldom available apartment-lines—have come to market simultaneously, presenting the right buyer the luxury of a crafting a sprawling new vision fashioned from the existing units’ grandly proportioned, light-flooded rooms. 7A, a convertible 3 bedroom, 2 1/2 bath corner residence (facing south and east), and 7BC, a convertible 2 bedroom, 1 1/2 bath (with south facing windows in every room) can easily be reimagined into a stunning 4 or 5 bedroom residence with four full baths, one half bath, formal dining, two decorative fireplaces, breathtaking city views to the south, and additional space which can be repurposed into a media room, home office, library and more—the possibilities are limitless. Both apartments currently have formal dining rooms, 12’5 x 17’ and 12’ x 14’, and oversized sunken living rooms—one measuring approx. 15’ x 25’, the other, approx. 16’9 x 25’. Any of the aforementioned rooms can be repurposed to suit your needs, as can one of the two windowed kitchens and two spacious foyers, 9’7 x 21’2 and 8’ x 10’. Or, in lieu of a traditional combination, minor modifications can be made to adjoin the apartments (or even keep them separate), reserving the smaller of the two units for family and other guests. Please note, 7A currently has a second large bedroom with an ensuite bathroom at the opposite end of the apartment relative to the Primary Suite, which would allow for privacy in any case; the units presently feature three bedrooms (12’ x 20’ ; 13’3 x 15’11; and 12’8 x 12’1) all with ensuite bathrooms. Additionally, each unit has a half bath perfectly situated for visitors, just off their respective foyers. Other apartment features include: new casement windows in every room, high-beamed ceilings, abundant closet space, original wood flooring with Art Deco marquetry, and decorative moldings throughout. Come home to the best of everything! Come home to 19 East 88th Street, one of the most revered pre-war co-ops in prime Carnegie Hill, featuring a meticulously restored and beautifully maintained Art Deco lobby, a landscaped roof deck with multiple seating areas and stunning panoramic views, a brand-new fitness center, central laundry, a bike room, storage, and an extraordinary staff. Washer/dryers and central A/C are both permitted with board approval and pets are allowed. The building has sound financials and low maintenance. There is a 2% flip tax payable by purchaser and 50% financing is allowed. Pied-a-Terres, Co-Purchasers and Parents Buying for Children are all considered on a case by case basis. Located close to all forms of transport, many cultural institutions, countless restaurants, cafes, and retailers. Special Assessment November 1st, 2024 – October 2027 $1. 79/share: $1, 217. 2 monthly special assessment amount. There are 2 projects the assessment will cover: 1) Façade project (has already begun) 2) Hallway project
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,200,000 | $3,200,000 | $3,200,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,421 | $20,226 | $27,003 |
Total Monthly Payment | $18,546 | $20,351 | $27,128 |
* 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.