This sun-splashed, corner classic 7-room apartment featuring grand-scale formal living and dining rooms, an oversized eat-in kitchen with a butler's pantry, 3 bedrooms, 3 full bathrooms and 1 half bath, plus a large entry gallery can now be your dream home.
Situated on a high floor with all windows facing Madison Avenue, towards Central Park, or north over 88th Street, this home offers exceptional natural light and panoramic views.
This corner unit boasts modern comforts, including through-wall air conditioning, a new cooktop, dishwasher and washer/dryer, and great closet space throughout. Enjoy lovely views of the Guggenheim Museum from the living room, with additional views of landmark architecture from every other room. With views over Madison Avenue from two windows, the generous eat-in-kitchen is lined by stunning pewter gray St. Charles cabinetry. The apartment also features pristine prewar details such as herringbone floors, original moldings and trim, beamed ceilings, and a wood-burning fireplace.
40 East 88th Street is a premiere full-service cooperative ideally located at the highest point along Madison Avenue in Carnegie Hill. Built in 1930, the Art Deco building includes a stunning lobby (reminiscent of the Chrysler Building), state-of-the-art gym, private storage, laundry room and bike room. There is also a full-time doorman, concierge, porter and live-in resident manager.Only one block away from Central Park, this one-of-a-kind home is close to everything the Upper East Side has to offer, including the best museums, dining and shopping. Pets are allowed, as is financing up to 50% of the purchase price. There is currently is a monthly assessment of $707 for capital expenditures. There is no flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,450,000
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 | $2,760,000 | $2,760,000 | $2,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,455 | $16,770 | $22,735 |
Total Monthly Payment | $15,580 | $16,895 | $22,860 |
* 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.