Welcome to Apartment 409, where you will immerse yourself in this beautifully renovated four-room residence at the prestigious Ritz Tower. Designed with unparalleled comfort and elegance in mind, this upscale cooperative offers a rare opportunity to experience luxury living in one of Manhattan's most elite buildings. The expansive living room boasts herringbone hardwood floors, high ceilings, crown molding, and panoramic windows that fill the space with natural light. Entertain seamlessly with a discreet bar and a convenient powder room. The fully equipped modern kitchen features top-tier appliances, ensuring culinary excellence. Abundant storage options, including floor-to-ceiling cabinets, combine practicality with style. Retreat to the spacious bedroom, complete with built-in cabinetry, shelves, and an ample ensuite bathroom. Revel in the perfect blend of luxury and functionality throughout this meticulously crafted residence. This cooperative provides five-star hotel-style amenities, including concierge services, room service, housekeeping, a fully equipped fitness center, and event facilities. The attentive staff ensures 24/7 bespoke services, with the managing director overseeing quality. Nestled on Park Ave and 57th Street, this residence offers opulence and unparalleled convenience. Pieds-Ã -terre, foreign purchasers, LLCs, and trusts are welcome, subject to Board approval. Monthly maintenance includes utilities and real estate taxes. The building allows 50% financing with a 3% flip tax payable by the buyer. Pets are permitted with board approval, completing the allure of this exceptional residence.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $5,678 | $6,239 | $8,371 |
Total Monthly Payment | $5,803 | $6,364 | $8,496 |
* 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.