Now reduced to $5. 2M from its original price of $5. 9M, this true 5-Bedroom home offers unparallel value for a layout of such magnificent and rarely found grand scale, in one of Park Avenue's most coveted prewar buildings.
From a semi-private landing you step into an impressive 24'x9' gallery which acts as the center stage for what is the perfect layout: side by side baronial-sized living room and dining room creating a flow ideal for entertaining; a large eat-in kitchen adjacent to the dining room; a separate bedroom wing with 4 of the 5 bedrooms measuring over 20 feet in length; a library with its own full bathroom which makes it easily convertible to a bedroom; and a 5th bedroom, separate from the rest, which makes it ideal as a guest room or staff room.
Other special features of this well maintained home include: lovely southern exposures and light, a wood-burning fireplace in the Living room, high ceilings, a designated laundry room, a large pantry with tremendous storage space, ample closet and storage space throughout replete with two walk-in closets in the primary bedroom.
Built in 1927 and designed by Schwartz & Gross, this white glove, full service, prewar building features one of the most beautiful lobbies on Park Avenue. It offers 24-hour doorman, concierge, live-in resident manager, porters and a superb staff. It has a large state-of-the art gym, basketball court, bike room, common laundry, individual storage bins and quite possibly one of the cleanest and best organized basements you will ever see. Pets are welcome. Maximum financing permitted is 50% and there is a Flip Tax paid by the purchaser (please inquire for specifics) .
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $4,160,000 | $4,160,000 | $4,160,000 |
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 | $24,277 | $26,294 | $35,104 |
Total Monthly Payment | $24,402 | $26,419 | $35,229 |
* 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.