60 Gramercy Park North, #PHA, New York (Gramercy Park), NY, 10003 | $6,500,000

This offering represents the rare opportunity to acquire one of Gramercy Park’s most iconic prewar penthouses. This diamond in the rough offers an astute buyer incredible bones and limitless potential. Upon entering spectacular light soaring ceilings, and walls of steel casement windows framing picture perfect views set the tone of this truly one-of-a-kind home. The 58’ wide south-facing terrace is the centerpiece of almost 2000+/-square feet of outdoor space. A plethora of rich architectural details including ornamental finials, terracotta and red-tiled gable roofs as well as stunning views of Gramercy Park and beyond provide the ideal palette for this unique perch hovering 18 floors over the city. Adjacent East and West facing terraces provide open views of Manhattan and are directly accessed from every room via steel casement French doors. Originally designed by Emery Roth in 1928, 60 Gramercy Park North features a full-time door person, live-in resident manager, gym, storage, bike room, laundry and a charming, landscaped courtyard located off the lobby. Residents are provided keys to bucolic Gramercy Park, Manhattan's only private park encircled by elegant townhomes, tree-lined streets and landmarks such as the National Arts Club and the Player's Club. This serene neighborhood is perfectly positioned and incredibly convenient. Transportation (4, 5, 6, N, R, W and L subway at Union Square), the farmers market, Madison Square Park, and a plethora of shopping, dining, cultural offerings are moments away. *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.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 17
  • Amenities: Bike Room; Courtyard; Fitness Room; Laundry Room; Private Storage;
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: InBasement,OnCommonFloor
  • Year Built: 1924
  • Pet Policy: No Pets
  • Washer / Dryer: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Private Courtyard : Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: PRCH35161585
  • Days on Market: 51 days
  • Website: https://www.raveis.com
    /prop/PRCH35161585/60gramercyparknorth_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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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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60 Gramercy Park North, #PHA, New York (Gramercy Park), NY, 10003

$6,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $5,200,000 $5,200,000 $5,200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $29,525 $32,017 $43,181
Total Monthly Payment $29,650 $32,142 $43,306

* 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.