Magnificent 14-room home spanning approximately 6, 000 square feet, featuring 6 bedrooms, 6. 5 bathrooms, an expansive living room, dining room, library, and a separate breakfast/family room off the kitchen. The residence boasts grand proportions, beautifully landscaped outdoor spaces off all main rooms, including 5 terraces and 8 balconies, 6 wood-burning fireplaces, and exceptional light from 65 windows across all four exposures. The home has undergone a two-year renovation with top-tier finishes and mechanical systems, including Nanz and PE Guerin hardware and solid core mahogany flame doors throughout.
A private elevator landing opens to an elegant center gallery with lacquered walls and open south city views through floor-to-ceiling French doors. The grand corner living room features Parquet de Versailles floors, Venetian plastered walls, a wood-burning fireplace, and six sets of French doors opening to Juliet balconies with unobstructed Park Avenue views. The adjacent dining room includes herringbone floors, goatskin-paneled walls, a decorative fireplace, and French doors leading to an east-facing landscaped terrace.
The oak-paneled library features another wood-burning fireplace and stunning views of the Midtown skyline, Central Park, and the Reservoir, with its own set of French doors leading to a landscaped terrace. An oversized powder room with shagreen-paneled walls is situated off the center gallery.
The windowed chef's kitchen is equipped with black granite countertops, white subway tile, and floor-to-ceiling cabinetry with a sliding ladder for easy access. Glass and bronze pocket doors open to a breakfast/family room. High-end appliances include 2 Subzero refrigerators/freezers, 2 additional Subzero refrigerator drawers, a 6-burner Viking stove with griddle, 2 Viking wall ovens, and 2 microwaves (one convection). Between the kitchen and butler's pantry is a double Miele washer/dryer and two 132-bottle wine refrigerators. This wing also includes a staff room and full bathroom.
The second level features four bedrooms, each with an ensuite bathroom and private outdoor space. The largest bedroom occupies the southeast corner, featuring its own wood-burning fireplace and access to a 73-foot south terrace and an additional terrace with eastern views. The suite includes a windowed dressing room with built-in closets and dressers and a marble bathroom with a vanity. The second and third bedrooms have private terraces facing east and west, respectively, while the fourth serves as a media room.
The entire third floor is dedicated to the master suite, which features a wood-burning fireplace and floor-to-ceiling French doors with south and east exposures, offering spectacular city views from an oversized landscaped terrace. The suite includes a dressing room leading to a luxurious marble bathroom with a double vanity, soaking tub, and steam shower with floor-to-ceiling windows. Two large landscaped terraces offer panoramic views, including those of Central Park.
A large storage unit in the basement is included with the purchase.
1220 Park Avenue is a premier white-glove cooperative built in 1930 by renowned architect Rosario Candela. This landmark building has 18 stories, 55 apartments, a gym, and storage facilities. A 3% flip tax is paid by the purchaser.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$13,000,000
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 | $10,400,000 | $10,400,000 | $10,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $55,829 | $61,520 | $85,668 |
Total Monthly Payment | $55,954 | $61,645 | $85,793 |
* 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.