The Terrace Experts have meticulously curated and cataloged over 9, 000 terraced homes in Manhattan; we know what makes a terrace stand out. This terraced home offers a special vantage point of this island we call 'home, ' with skyline views to the East, South, and West ensuring stunning sunrises and sunset views. Knowing these views are protected makes it unique.
Manhattanites will see from the pictures the terrace was used to stage the building's recent Local Law 11 work. However, with the job completed as of this writing, this has two crucial advantages: it will take years (maybe decades) before this needs to be done again, and you can be the first to see how truly spectacular this 800sf terrace is Early birds do catch the worm!
Aside from the fantastic views, this terrace also has a perfect layout for small and large-scale entertainment, and we will gladly explain in person how a few simple tricks can optimize the space and the building's architecture to turn this into rooftop nirvana.
This duplex home itself is a combination of two apartments, each has a wood-burning fireplace and large windows. Together with the stand-alone nature of this building, these windows ensure great natural light throughout the day, regardless of the season, and they offer views of both the East River and Central Park. (the last terraced home I saw with that, is asking 10 times as much).
Currently laid out as a practical 2 bed/2 bath, with a family room, home office, walk-in pantry, and a separate but attached storage room. Only a minor refresh is required to make this a very special penthouse, complete with a washer and dryer.
However, what sets this home apart from other offerings in this price range is the optionality and the unrestricted upside. We have included just two alternative floorplans; one plan re-configures it as the 3 bed/3 bath it was in the past, and the other layout is perfect if you plan to entertain but expect guests to sleep over only occasionally.
The building has the understated convenience that makes pre-war buildings east of Lexington so coveted. With laundry in the building, a part-time doorman, and live-in super, you'll have peace of mind knowing that your needs are met.
With iconic landmarks like the Guggenheim Museum, Cooper Hewitt Smithsonian Design Museum, and the Museum of the City of New York just blocks away, you'll have endless cultural experiences within minutes. If you desire more expansive nature trails and rambling greenery, Central Park is only a few blocks away. However, the most convenient part of this building might well be that it is only 250 ft from the subway.
Contact The Terrace Experts directly to schedule a private tour and take full advantage of our unparalleled knowledge about terraced homes.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,340,000 | $1,340,000 | $1,340,000 |
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 | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,608 | $8,251 | $11,128 |
Total Monthly Payment | $7,733 | $8,376 | $11,253 |
* 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.