Park Avenue Perfection! Built in 1923 by renowned architect J. E. R. Carpenter in the Italian Renaissance style, 580 Park Avenue is a full service, white-glove co-op. With windows facing all four directions, this sun-filled 9-room apartment affords picturesque views of tree-lined Park Avenue from the living room and primary bedroom and southern exposures over East 63rd Street from all four bedrooms!
Accessed via a semi-private elevator landing, this incredibly gracious apartment is anchored by an elegant circular gallery, a signature of J. E. R Carpenter, leading to a truly impressive suite of entertaining rooms including a grand living room with wood burning fireplace and stunning original ceiling detail, a formal dining room, and a den plus adjacent home office that were previously two staff quarters.
The home's eat-in windowed kitchen is a chef's dream, boasting a walk-in pantry and top-of-the-line appliances including 6-burner Viking Professional range, Viking Professional range hood, Sub-Zero refrigerator, Sub-Zero wine cooler, dishwasher, ice maker, and washer/dryer.
The home is further enhanced by stunning herringbone floors in immaculate repair, three full bathrooms, 9. 5-foot ceilings, amazing closet space including multiple walk-ins, and a 6' x 12' private storage unit in the basement!
580 Park Avenue is an impeccably run building distinguished by a stunning limestone base and exquisite lobby inspired by Italian Renaissance palazzos. Residents enjoy a live-in resident manager, 24-hour doorman, and elevator attendants. Pets, pied-a-terre, and up to 50% financing are all permitted. 3% flip tax paid by purchaser.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,999,000
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 | $4,799,200 | $4,799,200 | $4,799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,249 | $29,941 | $40,175 |
Total Monthly Payment | $27,374 | $30,066 | $40,300 |
* 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.