Designed in 1929 by the renowned architects Rosario Candela and Arthur Loomis Harmon, 740 Park Avenue is a landmarked co-op that has long been one of Manhattan's most coveted residential addresses. Grand proportions and enduring elegance suffuse interiors, where mansion-like residences boast exquisite pre-war architecture and embody sophisticated, functional design.
This regal 5-bedroom, 6. 5-bathroom duplex sits between Park and Madison Avenues, two blocks from Central Park. Refined original details blend with classic Lenox Hill aesthetics, creating alluring rooms with distinctive period features.
Residents arrive on a private elevator landing leading to a remarkable gallery with marble floors, a built-in wall mirror, a powder room, and a sensuously curving staircase. Double doors reveal formal living and dining rooms and a stately library with wood-paneled walls, built-in shelves, and a wood-burning fireplace with an ornate mantel. All three spaces are ideal for grand entertaining and intimate gatherings.
The living room spans over 35 feet long and has a fireplace, four oversized sash windows, intricate crown molding, and original Versailles hardwood floors. The dining room can easily accommodate a table for 10 and flows into a fully equipped butler's kitchen.
The windowed chef's kitchen is outfitted for home cooks and professional caterers alike. It boasts a huge worktable, stainless steel countertops, ample storage, and high-end stainless steel appliances, including two oversized refrigerators and dual gas ranges. The windowed breakfast room just behind the kitchen has an auxiliary staircase. A staff suite and windowed laundry room with a utility sink and washer and dryer complete the lower level.
All five bedrooms and additional staff quarters sit on the upper level. The primary suite receives vibrant southern light and boasts a wall of reach-in closets, a huge walk-in dressing room, and a windowed en-suite. Three of the secondary bedrooms have private en-suites, and all have abundant closet space. The staff quarters include two bedrooms, a windowed bathroom, and a kitchenette.
Residents of 740 Park Avenue benefit from impeccable service provided by full-time door attendants, porters, and a resident manager. The building's iconic limestone fa ade is matched by an elegantly appointed lobby, and amenities include a state-of-the-art private fitness center and dedicated storage units. Pets are warmly welcomed.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $19,200,000 | $19,200,000 | $19,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $109,015 | $118,218 | $159,439 |
Total Monthly Payment | $109,140 | $118,343 | $159,564 |
* 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.