Residence Ten at 1228 Madison Avenue is a 3, 841 square foot, 4-bedroom, 5. 5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is over 24 feet in width overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen, crafted by Molteni, features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and ample island seating. A suite of appliances by Lacanche, Sub-Zero, Wolf, and Miele complete the space. The primary bedroom suite is lavishly appointment with two separate walk-in closets / dressing areas, leading to two primary bathrooms finished in slabs of Bianco Oro marble (one with a soaking tub) and including oversized showers, separate water closets, custom designed lighting by Kelly Behun, nickel fixtures from Waterworks and radiant heated floors. Secondary bedrooms all include oversized closets and en-suite baths with Calacatta marble finishes, Waterworks fixtures, and either an oversized shower or soaking tub configuration. The home’s powder room is wrapped in honed Italian Burlesque marble with a matching marble sink, countertop and apron. Natural brass mirror trim and pendant lighting completes the unique design. Completing the unit are a laundry room with side-by-side washer / dryer, custom cabinetry, and a stainless steel sink, a separate refuse room, and a storage unit located in the building’s lower level. 1228 Madison Avenue is a boutique 13-unit cooperative with condominium rules, crafted by the artisans at Robert A. M. Stern Architects and Kelly Behun Studio. Now complete and available for immediate occupancy, these finely-detailed residences offer uncompromising levels of quality and design conceptualized and executed by two powerhouse names on Architectural Digest’s famed AD100 list. Amenities include a full-time doorman and concierge, fitness center and training studio complete with the latest Technogym equipment, package room, private storage for each residence, and bike storage.
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William Raveis Mortgage, LLC
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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 | $8,000,000 | $8,000,000 | $8,000,000 |
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 | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,686 | $50,565 | $67,509 |
Total Monthly Payment | $46,811 | $50,690 | $67,634 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.