880 Fifth Avenue, #16BC, New York, NY, 10021 | $10,000,000

Luxurious Living on Central Park with Storage, and Remote Home Office. Introducing this one-of-a-kind combination co-op overlooking Central Park and Billionaires' Row, a stunning rendition of classic New York City elegance offering an elevated park lifestyle moments from world-class dining, shopping, and cultural institutions. Available for the first time since being combined and gut-renovated, this 4-bedroom, 5. 5-bathroom masterpiece boasts a dream kitchen with park views-a rare feature not replicable due to wet-over-dry rules. The home combines refined design with state-of-the-art technology. Beautiful engineered Brazilian hardwood floors complement high ceilings with crown molding. Picture windows frame enchanting park and city views and have shade pockets and motorized blinds. There is a fresh air inlet and multi-zone central air with built-in humidification. An integrated audio system with a subwoofer and an underfloor vent provides exceptional sound throughout. A welcoming gallery leads into a palatial park-facing great room and kitchen suffused with natural light. The kitchen boasts an eat-in peninsula, custom mahogany cabinetry, sleek granite countertops, gold hardware, and high-end appliances from Miele and Sub-Zero, including an externally vented stove, a wine cooler, two dishwashers, and additional freezer and refrigeration drawers. The king-size primary suite enjoys park views and has two walls of reach-in closets and stunning couples en-suite bathrooms with Calacatta gold marble walls and floors, oversized vanities, and walk-in showers-one with a scent diffuser and with steam functionality. The secondary bedrooms have custom mahogany built-in closets and full en-suite bathrooms with Toto toilets and either a walk-in shower or deep soaking tub. One of the bathrooms has green and white marble quarried from the Alps. Additional highlights include a central vacuum system, a washer and pair of dryers, two storage cages, and a parking spot for a monthly fee. The home also has a second-floor home office available at an additional cost. Situated directly on Central Park, 880 Fifth Avenue is a gorgeous Emery Roth building with full-service lobby, elevator, and maintenance, staff and thoughtful amenities. Residents enjoy an Art Deco lobby, a verdant courtyard garden, 24-hour on-site parking, common laundry, private storage, and a modern fitness center with a full range of training equipment. The building is moments from a variety of fine dining and shopping options, and it is close to Central Park Zoo and Museum Mile. Nearby subway lines include the N/Q/6. Pets and pieds-a-terre are welcome.

Features

  • Rooms: 8
  • Bedrooms: 4
  • Baths: 5 full / 1 half
  • Style: Apartment
  • Year Built: 1948
  • Heating: Other, See Remarks
  • Cooling: None
  • Basement: See Remarks
  • HOA Fee: $8,773 Monthly
  • View: Skyline
  • School District: New York
  • MLS#: H6314232
  • Days on Market: 92 days
  • Website: https://www.raveis.com
    /eprop/H6314232/880fifthavenue_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Serhant LLC   Phone: 646-480-7665

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

880 Fifth Avenue, #16BC, New York, NY, 10021

$10,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $8,000,000 $8,000,000 $8,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $47,323 $50,565 $68,594
Total Monthly Payment $47,448 $50,690 $68,719

* 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.