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970 Park Avenue, #5N, New York (Upper East Side), NY, 10028 | $5,950,000
With 50' of Park Avenue frontage and spanning several thousand square feet, Apartment 5N is truly palatial in scale and layout. The gracious entrance foyer opens into the combined living room/study creating a grand entertaining space. The French paneling, decorative fireplace, high ceilings, and hard wood floors are enhanced by the Eastern light from the oversized windows. The corner dining room is clad in antique boiserie paneling. Currently configured as 4 bedrooms, 3. 5 bathrooms, 2 staff rooms, and large windowed kitchen; there is the opportunity to reimagine the private area of this spacious home to suit a 21st century lifestyle. Any renovation will only enhance the wonderful room proportions, traditional architecture, and prewar aesthetics of this grand home.
970 Park Avenue is an elegant prewar cooperative designed by Schwartz & Gross, one of the architects whose numerous apartment houses helped shape the face of the Upper East Side. This Greek Revival style 1920's building features a full-time doorman, canopied entrance, fitness room, and professional resident manager. 75% financing is permitted and there is a 2% flip tax. Pets are welcome and a large storage unit transfers with the sale of the apartment.
Features
- Town: New York
- Cooling: Unknown Type
- Levels: 12
- Amenities: Fitness Room; Laundry Room; Private Storage;
- Rooms: 10
- Bedrooms: 5
- Baths: 3 full / 1 half
- Year Built: 1912
- Pet Policy: Pets Allowed
- Washer/Dryer Allowed: Yes
- Washer / Dryer: Yes
- Building Access : Elevator
- Service Level: Full Service
- Doorman: FullTime
- LobbyAttendant: FullTime
- OLR#: RPLU21923183784
- Days on Market: 79 days
- Website: https://www.raveis.com
/prop/RPLU21923183784/970parkavenue_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 Brown Harris Stevens Residential Sales LLC
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
970 Park Avenue, #5N, New York (Upper East Side), NY, 10028
$5,950,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
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 | $4,760,000 | $4,760,000 | $4,760,000 |
| 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 | 6.697% | 6.597% | 6.158% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $27,778 | $30,086 | $40,168 |
| Total Monthly Payment | $27,903 | $30,211 | $40,293 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535