Triple Mint Park Avenue Penthouse
This meticulously renovated 5, 200 Sq Ft (approx. ) penthouse duplex with wonderful Central Park and Manhattan Skyline views is located on the 19th and 20th floors of one of Park Avenue's most prestigious white-glove Prewar Cooperatives at the corner of East 71st Street.
An oversized private elevator landing opens onto an elegant 21 ft. entrance gallery with an enormous picture window capturing breathtaking views of the Manhattan Skyline and Central Park. The gallery leads to a massive 35 x 22 Ft living room with soaring 11 ft. ceilings and three exposures; the Western exposure captures outstanding skyline and Central Park views. At the opposite end of the gallery is a wonderful corner library and a gracious formal dining room with floor-to-ceiling French doors opening onto the penthouse's north terrace. The vast and beautifully renovated eat-in-kitchen boasts three exposures and is bathed in natural sunlight throughout the day. The Western views from the kitchen captures Central Park and open blue skies, a rare feature in a Manhattan Pre-war kitchen. Adjacent to the kitchen is a large family room/fourth bedroom with a sunny Eastern exposure, and an adjoining guest bathroom. A separate laundry room, and a staff suite with a large private bath and a private terrace, complete this wing of the home.
A gracious staircase leads to the bedroom level of the penthouse on the 20th Fl. At the top of the staircase are French doors opening onto a wonderfully landscaped double terrace with open views westward to Central Park. Each of the three bedroom suites on this level are completely private with no adjoining walls, and each has a renovated en-suite windowed bathroom. The enormous corner primary bedroom suite enjoys floor-to-ceilings window and French doors opening onto the stunning terrace with Central Park views. The oversized suite has excellent closet space and a separate dressing room opening into a beautifully renovated sundrenched bathroom.
A staff room on the second floor of the building is available for sale separately.
730 Park Avenue was built in 1929, and designed in the golden age of New York apartment house construction by F. Burrall Hoffman Jr. and Lafayette A. Goldstone in the Neo-Renaissance and Neo-Jacobean style. Standing 20 stately stories on the Southwest corner of Park Avenue and 71st Street, the building contains 40 generously proportioned apartments. Residents enter via an impressive entrance on a quiet side street, and receive the services of two full-time doormen, a Resident Manager, and several handymen. This prestigious full-service cooperative also offers a fitness room, storage, and an excellent location in the center of the Upper East Side, minutes from fashionable boutiques, premier restaurants and art galleries on Madison Avenue. There is a 3% flip tax paid by the purchaser, and the building now permits 50% financing.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $23,960,000 | $23,960,000 | $23,960,000 |
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 | $136,042 | $149,479 | $200,574 |
Total Monthly Payment | $136,167 | $149,604 | $200,699 |
* 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.