This exquisitely transformed corner prewar home, meticulously crafted by the acclaimed interior designer David Netto, embodies the pinnacle of luxury living. Situated in the prestigious Emery Roth co-operative, 1112 Park Avenue, this extraordinary eight-into-seven-room residence is bathed in natural light, offering a seamless blend of classic charm and modern sophistication. There are three bedrooms, three renovated bathrooms, and a powder room. The home is adorned with oversized new windows, a wood burning fireplace, custom moldings, and artisanal millwork throughout, elevating every room to a new standard of elegance. Details such as Forbes & Lomax light switches, specialty paint finishes, and richly hued mahogany doors further enhance its bespoke character. The formal entertaining rooms, arranged in a graceful enfilade, are illuminated by treetop views and brilliant sunlight, creating a perfect setting for both grand gatherings and intimate soir es. High ceilings enhance the sense of space, while two-zone central air conditioning ensures comfort year-round. This residence truly exemplifies the highest level of finishes and workmanship.
Off a semi-private elevator landing is a grand entrance gallery which opens onto a large living room which houses the wood burning fireplace. The elegant room has multiple seating areas and is perfectly proportioned. Adjacent is the formal dining room which is being used both as a library with built-in bookshelves and a dining room. The gourmet windowed kitchen has custom cabinets, marble countertops and is equipped with appliances from Subzero and Thermador. It has a windowed breakfast room with a built-in banquette. Off the kitchen is the powder room and laundry area with a Bosch washer and dryer as well as a butler's pantry with endless amounts of storage and three closets.
Each of the three bedrooms is bathed in natural light and offers tranquil treetop views, creating a serene retreat within the city. The primary bedroom suite, a corner room with southern and western exposures, boasts two oversized closets. The windowed en-suite bathroom has both a shower and a deep soaking bathtub. The second bedroom, facing west, is well-appointed with two closets and direct access to a hallway bathroom with a shower. The third bedroom, also a corner room with western and northern exposures, includes custom built-ins and an en-suite windowed bathroom with a shower. A large linen closet further complements the thoughtful design of this home.
A storage bin is assigned with the sale. The building allows up to 50% financing and there is a 2% flip tax paid the purchaser.
1112 Park Avenue is a distinguished white-glove co-operative that was built in 1927. Residents enjoy the highest level of service and amenities, including a full-time doorman, a live-in resident manager, a fully equipped gym, and a bicycle room.
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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 | $3,516,000 | $3,516,000 | $3,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,518 | $22,224 | $29,670 |
Total Monthly Payment | $20,643 | $22,349 | $29,795 |
* 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.