Residence 5A/6A at One Lexington Avenue is a rarely available grand scale duplex home offering five bedrooms, four bathrooms, and eight unobstructed windows facing Gramercy Park. Opening into an elegant gallery hall, which spans over 35 feet, you are led into a sun filled, oversized living room with southern and western unobstructed treetop views directly onto Gramercy Park. Appreciate ornate details throughout including original picture rails, moldings, and a beautifully preserved mantlepiece that surrounds a wood burning fireplace. Off the living room is a large formal dining room separated by double-width glass doors, perfect for an evening dinner service. Abutting the formal dining room is a large service pantry leading into an oversized, windowed, eat-in kitchen ready to be outfitted for the most discerning chefs. A laundry room, service quarters and service entrance are discreetly tucked away behind the kitchen.
Ascending to the second floor, you are greeted by multiple spacious suites. The first primary suite is located on the southwest corner with large windows offering direct views onto Gramercy Park and an en-suite pass-through bathroom connecting to a separate study or bedroom. The secondary suite offers ample space for furniture, with a gracious dressing room (or home office) leading to a private en-suite bathroom. An additional bedroom follows, also with its own en-suite bathroom. This level provides three extra closets which are all deep and oversized. There is also a separate wine storage room, a storage room in the basement and storage in the sub-basement.
One Lexington Avenue is a premiere full-service cooperative with a full-time doorman and a full-time, live-in superintendent. There is bike storage and a common laundry facility in the basement. The building offers access to Gramercy Park as well. This historic building was built in 1910 and designed by the acclaimed architect Herbert Lucas and is renowned for its grand entrance with a high cast iron fence leading to a stately portico with Tuscan columns. The building also recently installed new, state of the art electrical systems in the basement as well as compressor mounting on the roof for the easy installation of central air conditioning with board approval.
Located on the exclusive North side of Gramercy Park, this pre-war cooperative is perfectly situated within a short distance to the Flatiron District, Union Square and quaint Irving Place. Shopping and world-renowned dining are at your doorstep with notable establishments including Gramercy Tavern, Eleven Madison Park and ABC Kitchen within blocks. Transportation options are abundant, as are supermarkets and other convenient necessities throughout this idyllic, picturesque, and quintessential Manhattan neighborhood. The cooperative permits maximum financing of 50% and there is a 2% flip tax payable by the seller. Pets are permitted.
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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 | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.648% | 6.472% | 6.032% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $32,214 | $34,912 | $46,845 |
Total Monthly Payment | $32,339 | $35,037 | $46,970 |
* 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.