Welcome to The Savoy and Apartment 11F a rarely available 1, 000 square foot 1 bedroom/1. 5 bath corner apartment in mint condition ready for you to move right in. The gracious versatile layout provides for easy day-to-day living and elegant entertaining. Walk into the entry hall featuring two double closets and a lovely powder room. The long gallery leads to the central foyer large enough for a hidden home office or a murphy bed for guests. Ahead is the very large open living room and adjacent dining room framed by a wall of south facing windows with lovely custom window treatments. The dining area in this F-line is often converted to a small second bedroom or home office. The renovated windowed kitchen is adjacent to the dining room. Just off the central foyer is the gracious and elegant, sunny primary bedroom also with a wall of windows with north and east exposures and two large closets. And just outside the primary bedroom is the primary bath which has been updated with new vanity, flooring, mirror and designer light fixture.
Upgraded features include crown moldings throughout, city windows throughout, recently replaced parquet flooring throughout, custom Hunter Douglas shades and custom draperies all in neutral tones, custom lighting that remains and a new heating/air conditioning unit in the living room
The Savoy is a stately well-regarded full-service high-rise coop with a very popular location just east of Park Avenue close to Central Park and Museum Mile. The beauty of the building's acrchitecture is its handsome setback from the street with a long canopied front entrance featuring a serene Koi fishpond and a beautifully planted garden with flowers and mature trees. You are welcomed by a friendly staff who have a long tenure in the building. Amenities include 24-hour doorman, onsite concierge, valet service, live-in resident manager, on sight parking garage with a discounted rate, bike room, storage, laundry facilities and expansive furnished roof terrace with spectacular 360-degree Manhattan skyline views including Central Park and the reservoir. There is a convenient service entrance for strollers and handicap access.
Location is vitally important in New York City and The Savoy is conveniently located close to the crosstown bus as well the 4-5-6 Express and Q trains all on East 86th Street. There are all the best restaurants, boutiques and big box stores nearby and two major grocers-Whole Foods and Fairway. And, of course, all the most famous museums and art galleries are at your fingertips.
The apartment is priced at $995, 000 with comparatively low maintenance of $2, 001(53% deductible in 2023) and 65% financing is allowed. The building is pet friendly and washers and dryers are permitted with board approval. While no pied-a-terre ownership is allowed, guarantors and parents buying for their children are permitted with board approval. Subletting is also considered by the board with a charge to the owner of 25% of the monthly maintenance. There is no flip tax. Please call us for a private showing.
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$995,000
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 | $796,000 | $796,000 | $796,000 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,273 | $4,709 | $6,557 |
Total Monthly Payment | $4,365 | $4,801 | $6,649 |
* 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.