OFFERED FOR THE FIRST TIME IN 40+ YEARSA rare opportunity to own a sprawling and sun-filled penthouse apartment with wrap around terraces and breathtaking Central Park views in a prime Upper East Side location. Upon entry into this special home, guests are greeted through a marble-clad foyer to the three oversized entertaining rooms. With glorious light and two exposures, the expansive 25-foot living room leads onto the widest portion of the terrace, perfect for lounging or dining with a retractable awning. The formal dining room offers two exposures as well, including a stunning Southern view of the Midtown skyline. Perfect for a cozy night in, or working from home, the den space is an additional flex space that can function as an additional bedroom. The serene and generously sized primary suite offers two walk-in closets, and has direct terrace entrance to take in magnificent Central Park views and sunsets. The second bedroom is well proportioned, with another walk-in closet and also has direct terrace access. A windowed kitchen, and a staff room/office with an en-suite bathroom complete this unrivaled offering at this price point. 50 East 79th Street is a full service, cooperative one block from Central Park with just 87 residences. Amenities include a 24-hour doorman, on-site resident manager, discounted on-site garage (subject to availability, ) storage, bike room, and a gym. The building allows 65% financing, and pied-a-terre ownership, but dogs are not permitted. Kindly note, showings are Monday - Friday.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,995,000
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 | $3,996,000 | $3,996,000 | $3,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.797% | 6.108% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,066 | $23,958 | $32,916 |
Total Monthly Payment | $22,191 | $24,083 | $33,041 |
* 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.