Bathed in sunlight and offering picturesque views of Central Park, this southwest corner residence is located in one of Fifth Avenue's most prestigious white-glove co-operatives, 980 Fifth Avenue. With nearly 50 feet of frontage along Fifth Avenue, this grand home features stunning views from every room. With three bedrooms (or two and a library) and four full bathrooms, the layout perfectly blends luxury with functionality.
Off a semi-private elevator landing, you are welcomed into a grand entrance gallery. The gallery features an oversized coat closet, a wall of additional built-in storage, and a full bathroom, cleverly concealed as a powder room with a hidden shower. The corner living room, framed by oversized picture windows, offers breathtaking Central Park and city views. Adjacent is an expansive library or third bedroom, while the west-facing formal dining room provides the perfect setting for elegant gatherings or sunset dinners, with a stunning backdrop of the park. The windowed, eat-in kitchen also overlooks Central Park and includes a large breakfast area, pantry closet, two sinks, and excellent storage. There is a staff room with a full bathroom that also overlook Central Park as well as a separate laundry/utility room.
The private quarters offer true tranquility, starting with the remarkable primary bedroom suite, which boasts a wall of oversized windows facing south toward the neighboring landmarked mansions. The suite includes an expansive dressing area with eleven closets and a primary bathroom with two sinks, a bathtub, and a separate shower. The second bedroom suite also faces south and includes an en-suite bathroom and four large closets.
Designed by Paul Resnick and H. F. Green, this distinguished co-operative houses just forty-five residences. There is a circular driveway with a porte-cochere, an on-site garage with discounted rates for tenant-shareholders, and a rooftop observatory deck with panoramic views of Central Park and the Manhattan skyline. The building is impeccably staffed with a full-time doorman, concierge, live-in resident manager, and individual storage units. Pied-a-terre ownership is permitted. The building now allows 50% financing and there is a 2. 5% flip tax paid by the purchaser.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$5,500,000
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 | $4,400,000 | $4,400,000 | $4,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,028 | $28,174 | $37,428 |
Total Monthly Payment | $26,153 | $28,299 | $37,553 |
* 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.