Exciting opportunity to live in a rarely available B line apartment at the iconic Ritz Tower at 57th and Park. This 5. 5 room apartment is in move -in condition. Ritz Tower is one of the few residential buildings with hotel like services that makes living in New York City easy and pleasurable.
Come home to a stunning residence that exudes elegance and sophistication. Enter the apartment through the 22 foot long gracious marble floored gallery with its high ceiling and crown moldings. The gallery flows through to the classic dining room boasting large street facing windows enhancing the feeling of openness and space. To the right is the grand corner living room overlooking both Park Avenue and 57th Street and flowing in sunlight through its oversized windows. It is perfect for entertaining or relaxing with extensive built in storage areas and an entrance to the dining room. The large master bedroom faces Park Avenue and has a spacious en-suite bath with a walk in closet that is 7-3" x 7'7" with a 10 foot ceiling. On the opposite side of the apartment is an expansive second bedroom/den with an adjoining full bath and large walk in closet, which provides privacy from the entertaining spaces of the apartment and the primary bedroom.
There are endless closets and storage areas, a large washer/dryer closet and a contemporary kitchen with top of the line appliances. The apartment is in move-in condition with all, but the primary bedroom and bath having just been fully renovated.
The Ritz Tower provides full hotel services to its residents to make living as easy as possible. It was designed by noted architect Emery Roth and, when built in 1925, was the tallest residential tower in the world. This white glove building, with its hospitable staff, provides extensive services, including (if desired) housekeeping, laundry service, valet, exclusive chef and room service, a conference room and business center, an event room, a fitness center, storage, a concierge desk and a staff dedicated to service under the direction of the on-site Managing Director.
The building allows pets, financing (50%), pieds-a-terre and different forms of ownership. Electricity is included in the maintenance.
The Ritz Tower is at the center of the East Side with Central Park just steps away. The building is convenient to the business district, the boutiques of Madison Avenue and other desirable shopping stores, endless restaurants and the elegant residential East Side.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,895,000
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 | $1,516,000 | $1,516,000 | $1,516,000 |
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 | $8,727 | $9,582 | $12,793 |
Total Monthly Payment | $8,852 | $9,707 | $12,918 |
* 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.