Fabulous opportunity to have a sprawling (approximately 4200 sq. ft. ) home in a top luxury cooperative. With a little TLC, the fine details, including herringbone oak floors and gorgeous crown molding will come alive again. A grand gallery with a marble floor opens to a double width living room, with a balcony, and a formal dining room. The large windowed kitchen has a WASHER AND DRYER, and there is a staff room and full bath. The master suite faces south and west and includes a dressing room, massive closet space and his and hers baths. In a separate wing, there are two additional bedrooms with ensuite baths, a home office and a huge library/media room with spectacular East River views. There is additional storage, and an exquisite powder room. This home has a private landing, 9 ft. ceilings and a flexible floor plan that could easily accommodate additional bedrooms.
When The Sovereign was built in 1974, Paul Goldberger of The New York Times noted, "The Sovereign is in the super luxury category. " The Emery Roth designed building has a lobby that "extends under the entire building, and there are four semiprivate halls per floor - a welcome (and expensive) alternative to the long, double loaded corridor. Such an arrangement has probably not been used in any New York building since the nineteen-thirties. "
Then as now, the residents are treated to impeccable world class service is provided by the staff that includes sentry, doorman, concierge, on-site management, valet parking in the 24 hr. garage equipped with Tesla charges. This mid-century building has an elegant lobby distinguished by Carlo Scarpa designed Venini chandeliers and rosewood paneling.
There is a lobby level state of the art windowed gym, manicured gardens surround the building, and up to two dogs are permitted. Pied a Terre, Trusts and LLC purchase are permitted with Board Approval. Please call for an appointment and do not miss this opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $3,040,000 | $3,040,000 | $3,040,000 |
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 | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,983 | $19,465 | $25,859 |
Total Monthly Payment | $18,108 | $19,590 | $25,984 |
* 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.