With 8 windows and 58 linear feet overlooking Park Avenue and its beautiful planted islands, 7AB at 525 Park Avenue is without question one of the great rental opportunities in the luxury category.
Generously proportioned public rooms plus an exceptionally bright, well-appointed eat in kitchen, combined with large and very light bedrooms with limestone clad en-suite baths and walk-in closets create a zoned living space, which flows seamlessly. High-end finishes, floor-to-ceiling doors, beautiful hardwood floors and moldings throughout punctuate the space.
The additional fully equipped kitchen, on the east side of the apartment, creates the opportunity for a second dining area for children, staff, and general convenience. This 3620 square foot apartment affords more than ample space for a gym, a home office, and off-season clothing storage. The layout of the apartment also affords a wonderful space for gracious entertaining, either formally or informally, and the large dining room, which adjoins the light-flooded kitchen, makes entertaining easy with or without staff. The grand dining room connects to the huge corner living room via a beautiful archway, facing Park Avenue. Additionally, there is a huge family room / library which functions perfectly for informal living.
This apartment lives as though it were a house. There is a very good area for the principle bedroom and three others, all of which have great privacy. The 10 closets within the apartment offer a more than ample storage space, a rarity not normally found in pre-war buildings. A white glove lobby staff ensure maximum security for any resident of this rare pre-war condominium on Park Avenue.
The location of this rental opportunity is second-to-none in the world in terms of proximity to high-end shopping, cultural institutions, and fine dining. A few minutes away, one will find the world's finest luxury shops and within 2 blocks one may enter Central Park, the very heart of Upper Manhattan.
With the subway only two blocks away and the Lexington Avenue and Madison Avenue bus lines available one block from the building's front door, public transportation abounds.
525 Park Avenue is an Italian-Renaissance-palazzo style 14-story prewar building built in 1914, and converted to a condominium in 1989. Schwartz & Gross designed this building and many other apartment houses on Park Avenue including 470, 885, 888, 910, 911, 930, 941, 970, 983, 1045, 1070, 1125 and 1165.
FEATURES :
In-Unit Washer / Dryer
Eat-In Kitchen
Hard Wood Floors
Excellent Ceiling Heights
Abundant Closet Space
Classic Renovation In A Pre-War Style
Two Blocks From Central Park
Centrally Located to Fine Dining and the World's Best Shopping
Excellent Public Transportation
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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 | $28,000 | $28,000 | $28,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $191 | $186 | $236 |
Total Monthly Payment | $266 | $261 | $311 |
* 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.