257 Central Park West, #5H, New York (Central Park West), NY, 10024 | $485,000

Firmly ensconced at the core and beating heart of the Big Apple, is a marvelous alcove studio gem. Located directly across from the magnificent Central Park, more than a home or "pied-a-terre", you will own a huge slice of the Big Apple by taking only a small bite!
This lovely alcove studio is in mint condition and offers a fully equipped separate kitchen, a marvelously renovated large bath, through the wall HVAC and beautiful hardwood floors. Housed in the magnificent and grand Orwell House, a full service, white glove cooperative on Central Park West, just walking into the lobby, shows that you have arrived in NYC!

The Orwell House is a white-glove, full-service building designed for comfort and convenience. It features a beautifully appointed lobby with original detailing, exuding timeless elegance. Residents enjoy 24-hour doorman and concierge services, elevator, a live-in superintendent, a fitness center, kids playroom a bike room, and private storage options. The building also includes a parking garage and a serene roof deck with stunning views of Central Park.
Pets and pied-à-terre are allowed, and the building permits financing up to 75% of the purchase price.

All information furnished regarding property of sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 12
  • Amenities: Bike Room; Garage; Laundry Room; Nursery; Common Storage;
  • Rooms: 2
  • Baths: 1 full
  • Complex: Orwell House
  • Year Built: 1906
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Building Access : Attended Elevator
  • Service Level: Full Time Doorman
  • OLR#: RPLU33423166075
  • Days on Market: 24 days
  • Website: https://www.raveis.com
    /prop/RPLU33423166075/257centralparkwest_newyork_ny?source=qrflyer
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 Corcoran Group

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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257 Central Park West, #5H, New York (Central Park West), NY, 10024

$485,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $388,000 $388,000 $388,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,358 $2,358 $3,066
Total Monthly Payment $2,433 $2,433 $3,141

* 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.