A TERRACE LOVERS DREAM This trophy penthouse boasts grand rooms, fantastic light and a spectacular, beautifully landscaped wrap-terrace with open city and river views east, west and south. The home offers 5 bedrooms, 5 full bathrooms, a library, roof level garden/sunroom and 2 Powder Rooms. At 5, 100 interior and 2, 850 exterior square feet, this stunning residence has it all, and at an extraordinarily low maintenance. The private landing leads to an impressive central gallery that connects all major rooms and features a dramatic marble staircase with Palladian windows and 24’ domed ceilings. The spacious, south facing living room is flooded with sun all day with, open city views and a wood burning fireplace adorned with a magnificent 18th century French mantle. The formal dining room features the original coffered ceiling and a custom built, 700-bottle wine vault with temperature controls. The library has river views, and features its original wood paneling, pegged wood floors and decorative plaster ceiling. The heart of the home is an open and sun-flooded chef’s kitchen replete with top-of-the-line appliances, Glassos countertops, and custom cabinetry. There is a separate breakfast room with custom built-ins, additional storage and a Washer/Dryer. The corner primary bedroom suite is an enormous private enclave. The bedroom faces south and east with stunning river views and flows seamlessly into the private study, which can be converted back to the fifth bedroom, a dressing room paneled in mahogany, and walls of closets that include 2 large walk-ins. The suite is completed with 2 full bathrooms appointed with marble, onyx and custom tiles. There are 3 additional oversized bedrooms each with an en-suite bathroom, amazing views and incredible closets. A powder room completes the floor. Ascend the grand staircase to the upper level, with 6 Palladian windows overlooking the gallery below. Reminiscent of a French Orangerie, the garden/sunroom is surrounded by windows and features a wood burning fireplace with an exquisite mantel. A second powder room is located on this level. The crowning glory of this home is the stunning landscaped terrace that wraps the entire level and is accessible through elegant French doors. It is a truly rare entertaining space. Constructed in 1929 by Schwartz and Gross, 1185 Park Ave is one of Carnegie Hill’s most prestigious cooperatives. Located two blocks from Central Park and a short walk to Upper East Side museums and private schools, as well as Madison Avenue shopping. Amenities include a gym, playroom, roof garden, and bicycle rooms. Private Storage. Pets permitted. The building allows 50% financing. 2% flip tax payable by purchaser. Co-Exclusive
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William Raveis Mortgage, LLC
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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 | $11,600,000 | $11,600,000 | $11,600,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $65,864 | $72,369 | $97,106 |
Total Monthly Payment | $65,989 | $72,494 | $97,231 |
* 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.