This stunning loft-like aerie is perched near the top of iconic Olympic Tower and features breathtaking, contextual views over Midtown and Central Park through massive floor-to-ceiling windows. The current owners undertook a meticulous, bespoke renovation of this generously proportioned one bedroom, two full bathroom apartment. The minimalist design, led by the New York and Frankfurt-based "1100 Architects", envisioned a modern reinterpretation of the original Skidmore, Owings and Merrill design for the tower. The result is a gracious, thoughtful and livable layout that maximizes the impact of the views while not sacrificing practicality. Upon entering via a grand gallery, one is instantly imparted with a sense of space and light. The home's primary living area brilliantly frames the mesmerizing views while walls of discreetly designed custom closets provide an abundance of storage space so rare in Manhattan. Museum quality finishes throughout include two stunningly rendered full bathrooms featuring Dolomite walls and flooring as well as water fixtures which are exact replicas of the original Olympic Tower fixtures, custom-forged in Florence. Other features of this striking home include impeccable white oak flooring, a chef's kitchen with appliances by Gaggenau, Wolf and Miele, a separate laundry closet with Miele washer and dryer, electronic solar and blackout window shades and a Lutron lighting system throughout. Originally conceived by Aristotle Onasis in 1974, Olympic Tower is widely considered one of the finest full-service condominium buildings in New York City and has been home to countless luminaries from all corners of the globe. The building's 40 person staff is remarkable for its attentiveness and discretion and includes a 24-hour multi-lingual doorman, concierge and elevator attendant. Other building features include a fully equipped gym with park views, a bicycle storage room and valet parking. The building's location on the corner of Fifth Avenue and 51st Street is perhaps its greatest attribute. Positioned directly across from St. Patrick's Cathedral and Rockefeller Center, it is at the epicenter of New York City’s retail, restaurant and cultural worlds. *Represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with their legal or architectural professionals to determine legal use parameters.
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William Raveis Real Estate
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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 | $2,876,000 | $2,876,000 | $2,876,000 |
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 | $15,439 | $17,013 | $23,691 |
Total Monthly Payment | $15,564 | $17,138 | $23,816 |
* 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.