All showings are by appointment only! Welcome home to apartment 5A at the gracious and historic 7 Gracie Square. This pre-war apartment is currently configured as a large 2 bedroom, 3 bath, with a formal dining room, a gracious living room, a maid’s room, and a library that can be easily converted into a 3rd bedroom. Apartment 5A is an exquisite residence that boasts the enchanting allure of pre-war charm harmoniously blended with modern comforts. The apartment faces Carl Schurz Park. The living room, library, and primary bedroom all have direct park views, as well as partial views of the East River Promenade and water. As you step inside, you are greeted by an inviting central foyer with a large coat closet. Off the foyer, you have the formal dining room, which seamlessly connects to the butler’s pantry and well-appointed kitchen. The kitchen features top-of-the-line appliances including a Sub-zero fridge, Wolf range, Fisher & Paykel double dishwasher drawers, and Miele washer & Dryer. Off the kitchen, you have a full bathroom and a large staff room that can be utilized as another bedroom, or a large home office. To the left of the entryway, you have a large living area complete with a working, gas fireplace, providing a cozy centerpiece for the sophisticated living room. The beautiful herringbone floors are accented by the great light, which streams in from the three large windows. Off the living room, there is an elegant library that can be easily converted into an additional bedroom. The two spacious bedrooms are in their own wing, creating privacy and separation from the main living and entertaining areas of the apartment. Each bedroom has its own en-suite bathroom, and the primary bedroom features a fabulous walk-in closet. The hallway leading to the bedrooms features a linen closet, and a cedar closet, ideal for preserving cherished garments. This distinguished home allows for the installation of central air, and transfers with a large storage cage, for no additional monthly cost. 7 Gracie Square is located just off East End Avenue, on one of Manhattan’s most prestigious cul-de-sacs. Upon arrival, you are greeted by 1929 masterworks of art; the double doors are adorned with iron and brass elephants, gazelles, and intricate vines, distinguishing the entrance from the other buildings along the street. This pet-friendly, full-service pre-war Co-op, sits directly opposite Carl Schurz Park and abuts the East River Promenade. This building requires a minimum of 50% down, and pets are permitted. Storage transfers with the unit, and there is a 2. 5% flip tax paid by the buyer. Experience the epitome of refined living in this enchanting residence, where classic elegance meets contemporary allure.
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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 | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,079 | $10,937 | $14,827 |
Total Monthly Payment | $10,204 | $11,062 | $14,952 |
* 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.