778 Park Avenue, #12THFLOOR, New York (Upper East Side), NY, 10021 | $26,950,000

Perfectly situated on the 12th Floor of 778 Park Avenue, Rosario Candela's most coveted building, this truly exceptional full-floor residence has spectacular entertaining rooms, soaring ceilings up to 11'7", and three wood burning fireplaces. Every room has picturesque views including views of Central Park from all of the western facing rooms. There are five bedrooms, five full bathrooms, two powder rooms as well as four staff rooms.

You arrive through an elegant private elevator landing leading to the grand 36'6" long gallery. Off the gallery is a powder room and two oversized coat closets. The sun-drenched living room boasts three oversized windows which face east over Park Avenue. This magnificent 32'4" by 19'2" room has herringbone floors and is centered around the grand wood burning fireplace. Adjacent to the north is a 25'3" by 17'4" corner formal dining room with the second wood burning fireplace and to the south is a handsome wood-paneled library with custom built-ins and the third wood burning fireplace. This original Candela designed layout graciously allows for a beautiful enfilade of entertaining rooms which flow seamlessly.

There is an incredible windowed large eat-in kitchen with a center island, a windowed butler's pantry, and a beautiful sun-filled corner breakfast room as well as a staff wing including a laundry room, staff dining room, two staff bedrooms and a powder room.

There is a separate bedroom wing. In the corner is the luxurious primary suite, which is a combination of two bedrooms. The sleeping quarters are in the corner facing south and east, there is a very large windowed en-suite bathroom, and an enormous dressing room. There are four additional large bedroom suites and three full bathrooms.

Up a set of stairs from the main floor is an additional staff suite with two more staff bedrooms and a staff bathroom.

Built in 1931, 778 Park Avenue was designed by legendary Manhattan architect Rosario Candela and is considered to be one of his finest works. This full-service white-glove co-operative consists of only 18 apartments; residents enjoy the highest level of service and security. The building has a gym, a yoga/massage room and a beauty parlor.

There is a 3% flip tax paid by the purchaser.

This is a rare opportunity to own a residence in one of the most sought after addresses in Manhattan.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 20
  • Rooms: 18
  • Bedrooms: 5
  • Baths: 5 full / 1 half
  • Laundry: None
  • Year Built: 1931
  • Pet Policy: No Pets
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: RPLU33423274920
  • Days on Market: 22 days
  • Website: https://www.raveis.com
    /prop/RPLU33423274920/778parkavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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NMLS Mortgage Loan Originator ID 1880936

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778 Park Avenue, #12THFLOOR, New York (Upper East Side), NY, 10021

$26,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $21,560,000 $21,560,000 $21,560,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.893% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $127,536 $138,051 $183,395
Total Monthly Payment $127,661 $138,176 $183,520

* 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.