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*Lowest price per sqft in the building - $1, 223 per sqft* The Chatsworth is a Co-op conversion with Condo-like ease of ownership. Right of first refusal, no board approval required. Purchasing Advantages: • No underlying mortgage at the building • Lower tax basis = lower mo. maintenance • No land-lease • No restrictions on pied-a-terre purchasers No restrictions on family gifting • Purchasing via LLC, trust, or corp. is OK • Lower closing costs • No requirement to obtain title insurance • No mortgage recording tax for co-op loan FABULOUS PREWAR CO-OP WITH CONDO RULES - NO BOARD INTERVIEW SUBLETTING AND PIED-A-TERRE ETC PERMITTED Mint-renovated Pre-war style home in an exceptional and convenient Upper West Side location! This oversized, mint-condition, and peaceful 2 Bedroom / 2. 5 Bath + windowed Home office (approx 2, 286 SF) has multiple options for conversion to a 3 bedroom. This home which has direct views over the greenery of Riverside Park and overlooking the vast riverfront Hudson River Parkway system — is beautifully appointed with both classic Old World details and modern, renovated conveniences. With a gracious Entry Gallery with coffered ceiling leading into a large open Living Room, brightly lit through steady, northern exposure in historical frame windows, the home features wide oak flooring, custom millwork, and architectural moldings throughout. A windowed, designer Kitchen offers the best in luxury design with a Verona range, Gaggenau refrigerator, Miele dishwasher, wine fridge, custom cabinetry, and quartzite countertops. The primary suite bedroom -- overlooking a quiet, four-season garden -- boasts a 10-foot-deep walk-in closet and a windowed, spa-like bath with Carrera and Bardiglio stone throughout, double vanities, Kallista fixtures, a walk-in shower plus free-standing tub, and radiant-heated floors, while the second bedroom offers an en suite bath with porcelain tile and glaze mosaic walls. A windowed Home Office/Library with custom built-in desk and shelves, as well as central zoned air conditioning, a pre-wired sound system, and a Bosch washer and dryer, complete the picture for a perfect city home. The stately, full-service, doorman Chatsworth building with its grand, hotel-like lobby has been fully restored to its early Edwardian glory with an ornate fireplace and extensive guest seating areas, But that is just the tip of the iceberg considering the 20, 000 SF suite of building amenities which include an elegant library/business center, a residents' club lounge, a modern fitness center, as well as a screening room, game room, children's playroom, bike room, and extra storage room. The highly desirable location – close to the aforementioned river parks and a dog-run park – is also close to Central Park, Lincoln Center, express subway station transportation, an abundance of Upper West Side shopping, dining, and entertainment options, and the co-op's flexible sublet policy, easy pet policy, and condo-like rules offer unique opportunities to buyers preferring guarantors and pied-a-terre (weekend) residencies.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,795,000
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 | $2,236,000 | $2,236,000 | $2,236,000 |
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 | $13,227 | $14,133 | $19,172 |
Total Monthly Payment | $13,352 | $14,258 | $19,297 |
* 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.