MINT, PARK FACING, PRESTIGIOUS PREWAR COOP PIED A TERRE APARTMENT.
Just renovated and oversized, sunny, 1 bedroom (could be re-converted to 2BR's), 2 bath apartment features a recent, extensive renovation and Western views toward Central Park from every window, oversized double living/dining room, primary bedroom with new en-suite marble bathroom and separate dressing room with washer/dryer, brand new and lightly used kitchen, and new central air conditioning and lighting throughout.
Located in the low, East 60's, along the chicest stretch of Fifth Avenue, 825 Fifth is a premier cooperative residence designed in 1927 by J. E. R. Carpenter. The building offers its residents the highest level of service including 24 hour doorman, concierge service, elevator attendant, and a private restaurant for residents with room service available. The building permits pied-a-terre residents and pets. Monthly Restaurant Catering Charge: $294 Monthly Assessment: $251. Flip Tax: 3% of purchase price, by buyer.
No financing permitted. Showings M-F 9: 30-4: 30.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
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 | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,132 | $11,124 | $14,852 |
Total Monthly Payment | $10,257 | $11,249 | $14,977 |
* 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.