Prime Fifth Avenue - Featuring an Extraordinary Private Terrace!
This unique apartment boasts one bedroom, a study/home office, and a large private terrace, all on a prime Fifth Avenue block!
The apartment has grand dimensions: approx. 1200 SF of interior space and almost 500 SF of private outdoor space! There is a grand entry gallery that leads to a large living/dining room featuring attractive moldings, Venetian plaster walls, and a picture window that overlooks the terrace. The spacious windowed kitchen contains rosewood cabinetry and Sub Zero, Miele, and Bosch appliances. A sunny extra room can function as a study, home office, or guest bedroom.
There is abundant storage throughout with eight closets. The terrace, accessible both through doors in the living room and the study, receives southern and eastern light throughout the day and is ideal for seasonal entertaining or quiet solitude.
There is central A/C, washer/dryer hook-ups in the unit, and a storage bin is included.
This charming home would make a great primary residence or an ideal pied-a-terre.
860 Fifth Avenue, on a prime Fifth Avenue block, is a top full-service doorman building with doormen, porters, elevator attendants, and a full time concierge.
There is also a fitness center and garage in the building.
There is an ongoing monthly assessment of $325. 57 for building repair work, and a 2% flip tax.
Pied-a-terres, pets, and 50% financing are permitted.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $5,757 | $6,321 | $8,439 |
Total Monthly Payment | $5,882 | $6,446 | $8,564 |
* 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.