Opportunity awaits you at this once in a lifetime chance to create one of the most stunning Penthouses off of lower Park ave. 105 E 38th St is tucked away steps from Park Ave on a quiet tree-lined block. You'll need your architect to help design over 3000 SqFt interior and over 2000 SqFt private outdoor space. This remarkable property has previously approved plans with both landmarks and the city, ensuring a seamless blend of historical integrity and contemporary luxury. Spanning two combinable floors, this residence offers the potential for at least 4 spacious bedrooms and 4. 5 bathrooms. The 9th floor, wrapped in newly LPC restored windows, features two wood-burning fireplaces and a panoramic view that includes the iconic Empire State and Chrysler Buildings. Exposed brick and over 9-foot ceilings enhance the expansive living footprint, while Juliet Balconies invite natural light and offer protected historic views. Consider the opportunity to construct a masterful staircase leading to the 10th floor, where additional living areas or guest bedrooms can be designed to your liking. Imagine adding a third fireplace and stepping out onto a garden terrace, then ascending to your private rooftop to enjoy unobstructed views and outdoor living. This pet-friendly, elevator midrise building offers flexibility with subletting, pied-à-terre ownership, co-purchasing, and guarantors. As part of the Murray Hill Historic District, this property comes with a rich history—ask the listing agent for original archived photos from its first owner’s published collection from the 1920s. Don't miss the chance to transform this remarkable property into a Manhattan masterpiece unlike any other.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,438 | $12,389 | $16,540 |
Total Monthly Payment | $11,563 | $12,514 | $16,665 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.