Harkening back to the fashionable era of Halston and pre-millennium Gucci, this stylish high-floor and extra-large one bedroom (flex two) sits within one of the best lines of the iconic Olympic Tower. Expansive city views over Midtown, Billionaire's Row, and Central Park South are captured through the apartments' floor-to-ceiling windows.
Upon entering the residence, you are greeted by a large foyer, from which you can access the perfectly appointed kitchen, in-unit laundry, or the main living/dining spaces and/or separate bedroom wing. Two full bathrooms, adorned with marble floors and counters provide flexibility for your guests and privacy for you. Multiple closets, as well as two custom-designed built-in systems made of Italian mahogany offer substantial storage throughout the space.
Originally developed by Aristotle Onassis in 1976 and built by Skidmore, Owens & Merrill, The Olympic Tower Condominium has long been one of the premier white glove buildings in Manhattan. With 24-hour doormen, porters, and concierge services, as well as a residents' gym and bike storage, service, security, and privacy are top priorities here. Ideally located on Fifth Avenue and 51st Street, owners have access to some of the greatest shopping, cultural sites, and restaurants/caf s the city has to offer.
There is a 1% flip tax here.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,790,000
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 | $1,432,000 | $1,432,000 | $1,432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,019 | $8,817 | $11,891 |
Total Monthly Payment | $8,144 | $8,942 | $12,016 |
* 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.