New York (Upper East Side), NY, 10128 | $2,500,000

Just a few doors from the Guggenheim and the Central Park Reservoir, located in one of Carnegie Hill’s most desirable and sought after full-service prewar co-ops, this rarely available, south facing convertible 3 bedroom, 2 1/2 bath corner residence at East 88th Street and Madison Avenue finally comes on the market. Located in a stunning William M. Dowling designed Art Deco Era building, this prewar gem features grandly proportioned rooms that are flooded with light and, at an estimated 1, 800 sq feet, this beautiful home can easily be reimagined into a full 3 bedroom. You enter through a spacious foyer that leads to an elegant sunken living room. The highlight of this graciously sized room are the large corner windows that afford breathtaking south facing city views. The foyer also flows seamlessly to a large, formal dining room as well to an oversized Primary Suite. A second large bedroom is at the opposite end of the apartment allowing for privacy. Both bedrooms have a full en-suite bath and there is an additional half bath / powder room off the foyer. Other features include the large, windowed kitchen, an abundance of closet space, new south-facing casement windows in every room, high-beamed ceilings, original wood flooring with Art Deco marquetry, and decorative moldings throughout–exemplifying the classic elegance of Art Deco design with a gracious and fluid layout perfect for entertaining. 19 East 88th Street is one of the most revered pre-war co-ops in prime Carnegie Hill. The building features a meticulously restored and beautifully maintained Art Deco lobby, a landscaped roof deck with multiple seating areas and stunning panoramic views, a brand new fitness center, central laundry, a bike room, and storage. Washer/dryers and central A/C are both permitted with board approval, and pets are allowed. The building has sound financials and low maintenance. There is a 2% flip tax payable by purchaser and 50% financing is allowed. Pied a Terres, Co-Purchasers and Parents buying for children are all considered on a case by case. *Special Assessment* November 1st, 2024 - October 2027 $1. 79/share: $714. 21 monthly special assessment amount. There are 2 projects the assessment will cover: 1) Façade project (has already begun) 2) Hallway project Located close to all forms of transport, many cultural institutions, countless restaurants, cafes, and retailers.

Features

  • Town: New York
  • Heating: Wall Furnace
  • Cooling: Other,Wall Unit(s)
  • Levels: 16
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Lot Size: 100.670000x138.830000
  • Laundry: Building Washer Dryer Install Allowed,Common Area
  • Year Built: 1937
  • Common Charge: $4,125 Monthly
  • Approx Sq. Feet: 0
  • Est. Taxes: $0
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher
  • MLS#: COMP-157021665304582
  • Days on Market: 223 days
  • Website: https://www.raveis.com
    /prop/COMP-157021665304582/19e88thstreet_newyork_ny?source=qrflyer
Copyright © 2024  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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New York (Upper East Side), NY, 10128

$2,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,356 $12,477 $16,742
Total Monthly Payment $11,481 $12,602 $16,867

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.