Welcome to The Beekman at 575 Park Avenue. This is a lovely sunlight filled south facing one bedroom. As you walk into the spacious entry way it leads to the living room with a nice dining area, and you will see the updated windowed kitchen is to your immediate right, with a pantry closet. The bedroom is down a short hallway which branches off in front of you to the right. There is a windowed bathroom that has also been updated. This apartment has an abundance of closets. You have wonderful city views here as well.
The Beekman was built in 1927 by renowned architect George F. Pelham. It is Italian Renaissance styled, symbolizing an elegant worldly lifestyle. Pied a terres, foreign buyers, trust and LLC ownership are permitted. Subleasing is also allowed. No pets please. This is a prestigious white glove building with 24 hour concierge, doorman and porters. Amenities included in the monthly maintenance are a fitness center, a meeting room, shared laundry room, bicycle storage, on-site comprehensive building management with a live-in resident manager, engineering and maintenance staff. Plus 5 days per week European style housekeeping, and window washing upon request. All monthly utilities included as well.
Located at 63rd Street and Park Avenue, Central Park is only two blocks away. You are just a few blocks from Bergdorf Goodman, as well as fine dining around the corner at Cafe Boulud.
BTW - The land lease on The Beekman has been renewed with an agreement on file for a 101 year lease extension. There will be an assessment of $690 for the months of October, November and December 2024. There is a 3% flip tax paid by the purchaser, and the building allows 50% financing.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,528 | $2,526 | $3,258 |
Total Monthly Payment | $2,603 | $2,601 | $3,333 |
* 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.