Lovely and spacious 4 room home on Park Avenue with 10ft ceilings and an abundance of prewar charm. A formal entry gallery with a hand painted tortoise shell ceiling leads into a gracious living room through a center arch doorway The corner bedroom boasts a large dressing room (10' x 6'), 2 exposures and views of the Plaza Hotel. The large, windowed kitchen has top-of-the-line appliances including a Liebherr refrigerator with ice maker, Fisher Paykel Dishwasher, 24-bottle wine fridge, a washer/dryer combo unit, custom cabinetry and stone countertops. Other features include beautifully maintained hardwood floors, oversized windows and a windowed bathroom with great storage. Originally part of a grand 13 room home, the space was reconfigured in the late 1940's so the scale of the rooms (for a 1 bedroom) is exceptional and rare to find on Park Avenue.
Built in 1916, by Schwartz & Gross, 470 Park Avenue is a highly desirable, full-service building with a live-in resident manager, laundry room and basement storage. This pet-friendly building also permits pied-a-terres and financing up to 50%. Please note, there is a 3% Flip Tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 | $880,000 | $880,000 | $880,000 |
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 | $4,997 | $5,490 | $7,367 |
Total Monthly Payment | $5,122 | $5,615 | $7,492 |
* 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.