Sophisticated Living with Private Gramercy Park Access 32 Gramercy Park South, Apartment 5D Welcome to Apartment 5D at 32 Gramercy Park South, a rare opportunity to own a newly and fully renovated one-bedroom residence in one of Manhattan's most coveted Gramercy Park cooperatives. This home comes with exclusive key access to the iconic Gramercy Park, one of only two private parks in all of New York City. Flooded with natural light from eastern exposures, this residence boasts a gracious foyer that leads into a spacious open-concept living and dining area, perfect for hosting guests or enjoying a quiet night in. The chef’s kitchen has been meticulously designed with high-gloss custom cabinetry, sleek Caesarstone countertops, and top-of-the-line stainless steel appliances, combining functionality with modern elegance. The king-sized bedroom, separated by a hallway for additional privacy, also enjoys abundant light and offers an impressive amount of storage, including a large walk-in closet. The luxurious spa-like bathroom is adorned with beautiful floor-to-ceiling marble finishes and top-tier fixtures, creating a serene retreat within the home. 32 Gramercy Park South is a full-service cooperative offering residents a host of amenities, including a 24-hour doorman, live-in resident manager, and a dedicated staff. Shareholders benefit from a newly updated laundry room, a bike room, an on-site garage, and a beautifully furnished roof deck with panoramic views of Manhattan’s iconic skyline. The building also features a landscaped ground-floor courtyard garden, perfect for a moment of tranquility. Pied-à-terre and pet-friendly (with approval), this home is located in the heart of Gramercy, with convenient access to Union Square, Madison Square Park, the Flatiron District, and some of the city’s best restaurants, shopping, and cultural attractions. Multiple subway lines are within easy reach, providing quick access to the rest of the city. Additional benefits include 80% financing, co-purchasing, gifting, and no flip tax. Don’t miss this extraordinary opportunity to live in an elegant home with private access to one of New York’s most treasured parks.
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Our Executive Mortgage Banker:
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$940,000
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 | $752,000 | $752,000 | $752,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,037 | $4,448 | $6,194 |
Total Monthly Payment | $4,129 | $4,540 | $6,286 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.