THE FINAL NEW DEVELOPMENT RESIDENCE AT THE WALES
Move-in ready for immediate occupancy.
Every room lining Madison Avenue, this spacious 1, 772 square-foot residence has two bedrooms, two bathrooms, and a marble powder room. Now ready for immediate closing, Residence 3B has western exposures and is one of the most desirable two-bedroom new development condominiums on the Upper East Side.
The entry foyer opens onto a grand living room and dining room with treetop Madison Avenue views and coffered ceilings. Classically scaled yet modern, the open kitchen is perfect for entertaining. Solid white oak floors in a herringbone pattern span the entertaining areas.
The kitchen by interior designer Cabinet Alberto Pinto has custom white lacquer millwork with Art Deco-inspired geometric relief patterning. Countertops and backsplashes are decked in brilliant Crystal Grey calacite slabs. It is appointed with an integrated Sub-Zero refrigerator and wine fridge, Wolf gas range with an outside vented hood, Wolf wall oven, Wolf speed oven, and integrated Cove dishwasher.
Of epic proportions, the primary bedroom suite has two walk-in closets and a five-fixture bath with Bianco Carrera and Grigio Nicola marble flooring. The custom vanity has Bianco Carrera countertops and Kallista chrome fittings.
The secondary bedroom has an en-suite bath with Bianco Estremoz marble countertops and Crema Marfil and Bianco Estremoz marble tile flooring and walls. The powder room features White Civec marble walls and Calacatta Oro marble floors and wainscoted walls. In its own utility closet are the washer, vented dryer, and dedicated wash sink. The zoned heating and cooling system and Kohler Aquifer water filtration system offer complete comfort.
Now offering immediate closings, The Wales is a beloved Carnegie Hill landmark reimagined for full-service condominium living on the Upper East Side. The elegant 24-hour attended lobby features coffered ceilings, a custom walnut and marble concierge desk, and antique mirrored walls. Amenities include a sophisticated oak-paneled fitness center with Peloton and Hydrow equipment, a pet spa with grooming station, cold storage with the doorman, bicycle storage, and private storage for purchase.
The complete offering terms are in an offering plan available from the Sponsor. File# CD200207. Sponsor Name: 1295 Property LLC, 1636 A Third Avenue, New York, NY 10128.
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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 | $2,740,000 | $2,740,000 | $2,740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,557 | $17,094 | $22,937 |
Total Monthly Payment | $15,682 | $17,219 | $23,062 |
* 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.