27 West 72nd Street, #1601, New York (Upper West Side), NY, 10023 | $7,499,000

Welcome to The Olcott at 27 West 72nd, New York NY. A Pre War Condominium Duplex Penthouse that is a masterpiece work of art, located in the heart of the Upper West Side, New York . This beautifully renovated duplex penthouse coupled with over 400 ft. of private rooftop terrace offers four-bedroom, five-bathroom and stunning Central Park Views, This penthouse is a testament to meticulous design and extraordinary craftsmanship. This is a Sponsor apartment.

Step into a world of luxury as you enter this duplex penthouse. The grand foyer, complete with an entry closet and powder room, sets the tone for the opulence that lies ahead. The expansive open plan great room, with its living room, dining room, and kitchen, offers an inviting space for entertaining or unwinding. The primary en-suite bedroom and two additional en-suite bedrooms on this level provide private retreats for rest and relaxation.

The kitchen is a chef's dream, featuring custom-made Bespoke cabinetry in Rift Oak, a Wolf Stove and Hood, a 48' Sub-Zero fridge freezer, an under-counter Sub-Zero wine cooler, and a Meile Dishwasher. The exquisite Brazilian Natural Stone Counters and backsplash, coupled with the black chrome professional kitchen faucet, add a touch of elegance to the space.

The upper level houses the fourth bedroom, which can also serve as a den or home office. This room opens to a private 400 sq ft rooftop terrace, complete with a BBQ and outdoor kitchen. The custom doors allow the entire room to open to the terrace, providing an unparalleled indoor-outdoor living experience.

The bathrooms are uniquely designed, featuring a combination of handmade tiles and modern mosaics. The primary bathroom even boasts a steam sauna and a rain and waterfall shower for the ultimate spa-like experience.

Additional features include 7' European Rift Oak Chevron Basket-weave throughout, five-zone central air conditioning and heating, and a laundry room. The penthouse also offers beautiful views of Central Park and downtown.

This residence is located in the vibrant Upper West Side, known for its lively atmosphere and diverse community. The area is rich in local amenities, including parks, shops, restaurants, and cultural attractions. Located near Central Park and Strawberry Fields.

The Olcott is a full-service, prewar white glove condominium that seamlessly combines classic architectural charm with modern amenities for a truly unique living experience . The Olcott is a pet-friendly community, equipped with a full-time concierge, round-the-clock staff, and a full-time doorman, ensuring a secure and comfortable living environment. The grandeur of the restored lobby immediately welcomes you home, setting the tone for the luxurious lifestyle that awaits within.

For those who prioritize health and wellness, an impressive fitness room is available at your convenience. Socializing is made easy with a beautifully renovated private dining/social room. Additional amenities include a playroom, cold storage, bicycle storage, and laundry facilities on every floor, in addition to in-unit laundry options.

Location is key, and this property does not disappoint. Situated just steps away from Central Park, you'll have easy access to a world-class urban oasis. Public transportation is conveniently close, making commuting a breeze. The neighborhood boasts some of the city's best restaurants and shopping destinations, with the added convenience of proximity to Lincoln Center and the vibrant Upper West Side.

The Olcott welcomes full-time homeowners, pied-a-terres, and investors, making this an excellent opportunity for a wide range of potential buyers. Don't miss out on this rare opportunity to make a piece of New York City your own. The time to act is now - this unique, ultra-specific, and useful property won't be available for long!

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 15
  • Amenities: Bike Room; Fitness Room; Laundry Room On Every Floor; Nursery; Party Room; Cold Storage; Private Storage;
  • Rooms: 10
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Complex: Olcott, The
  • Year Built: 1925
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Terrace : Yes
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Full Service
  • LobbyAttendant: No
  • OLR#: RPLU5123047933
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/RPLU5123047933/27west72ndstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate - Park Plaza

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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27 West 72nd Street, #1601, New York (Upper West Side), NY, 10023

$7,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $5,999,200 $5,999,200 $5,999,200
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 $34,063 $36,938 $49,818
Total Monthly Payment $34,188 $37,063 $49,943

* 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.