781 Fifth Avenue, #18th Floor, New York (Upper East Side), NY, 10022 | $19,500,000

Perched high atop the prestigious Sherry Netherland Hotel, this exceptional and palatial full-floor residence boasts spectacular terraces, 100 linear feet overlooking Central Park, and mesmerizing 360-degree views of the Manhattan skyline and other celebrated landmarks such as Grand Army Plaza and the historic facade of the iconic Plaza Hotel. This high-floor simplex is bathed in sunlight throughout the day, as are its three large terraces, which enjoy delightfully open exposures to the west, south and north. As evening falls, the skyline unfolds against a dramatic backdrop of city lights. With enormous potential underpinned by its extraordinary location, spectacular views and light, a luxury of space, elegant proportions, and three very glamorous and spacious terraces, this truly grand approximately 7, 000 square foot residence comprises the entire 18th Floor of 781 Fifth Avenue. An extensive amount of architectural planning as well as demolition has been done in recent months to create a clean white space on the northern side of the apartment, all of which boasts spectacular views towards Central Park and also opens onto the western and northern terraces. The southern flank of the apartment still retains its defined living spaces. Its current very flexible state invites its next residents to adapt and tailor this unique offering to their own vision. The resulting residence will be an extraordinary illustration of a rarified, stylish and sophisticated home unique to Manhattan. Formerly, the apartment’s expansive configuration comprised five principal Entertainment Rooms, all with the most divine views towards Central Park, including a breathtaking corner Living Room, a Library with wet bar, a large square Dining Room, and a corner Den with access to both of the larger terraces. Additionally, there are a multitude of Bedrooms and Dressing Rooms which could be configured to suit anyone’s particular needs, eight Baths, and a Den/Media Room. The flexible floor plan of this enormous apartment is perfectly suited for both impressive and glamorous entertaining as well as for quiet contemplation, far above the city. This spectacular abode offers a rare opportunity to live in one of New York’s finest and most iconic Pre-War cooperatives. Services and amenities offered by The Sherry Netherland include full concierge services, 24-hour doormen and elevator attendants, daily housekeeping, evening turndown services, valet parking, room service provided by the renowned Harry Cipriani, a fitness center, barber shop, and beauty salon. The apartment also has two independent staff rooms that are part of the sale and included in the maintenance. There is a monthly assessment for the 18th Floor and separate staff rooms of $8, 011 and a monthly license fee for exclusive use of the 18th Floor elevator lobby of $2, 342. Resplendent with glamorous and arresting views, the build out of this one-of-a-kind residence would yield the ultimate trophy abode. Sale and agent compensation subject to court approval.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 38
  • Amenities: Fitness Room; Hotel Style Service; Laundry Room; Maid Service; Valet; Business Center;
  • Rooms: 15
  • Bedrooms: 6
  • Baths: 7 full / 1 half
  • Laundry: InUnit,OnCommonFloor
  • Complex: Sherry Netherland Hotel
  • Year Built: 1927
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Attended Elevator
  • Service Level: Full Service
  • Concierge: Yes
  • Doorman: FullTime
  • OLR#: PRCH35228345
  • Days on Market: 96 days
  • Website: https://www.raveis.com
    /prop/PRCH35228345/781fifthavenue_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 Sotheby's International Realty, Inc.

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NMLS Mortgage Loan Originator ID 1880936

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781 Fifth Avenue, #18th Floor, New York (Upper East Side), NY, 10022

$19,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $15,600,000 $15,600,000 $15,600,000
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 $91,037 $98,603 $131,642
Total Monthly Payment $91,162 $98,728 $131,767

* 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.