Welcome to the Maisonette at 345 East 57th Street in the heart of Sutton! This pre-war gem is awaiting its next owner to restore this exceptional apartment into a masterpiece home. The south-facing 4-room residence offers timeless charm and exciting potential and features one bedroom, one and half bathrooms and a separate "bonus" room. As an added benefit, there are existing DOB approvals in place to convert the home's half bathroom into a full bathroom and add an in unit washer and dryer. The layout is as functional as it is elegant. A 12-foot foyer leads to a grand living room featuring oversized windows, a coffered ceiling with intricate plasterwork, and a decorative fireplace. The primary bedroom is equally impressive with two spacious closets and a windowed ensuite bath. The primary bedroom can comfortably fit a king-sized bed with abundant room for additional storage. Adding versatility is a charming bonus room complete with its own windowed bathroom. Whether as a guest suite, home office, or personal study, this space enhances the home's appeal. Just off the bonus room, adjacent to the main entrance, is a well-appointed kitchen area. The current owner has initiated an architect-led restoration, preserving many original details. The plaster walls have been upgraded with a flawless 'Level 5' finish and are painted in Benjamin Moore's 'Simply White. ' Original doors, trim, and hardware have been meticulously stripped of 90 years of paint, and the oak floors, in excellent condition, await your custom finish. Bring your vision and contractor to complete the restoration of this remarkable home or reimagine it with a modern touch. This is a rare opportunity to own a residence with over 900 square feet of historic elegance and endless potential, all at an exceptional value and with low monthly costs. 345 East 57th Street is a well-maintained, full-service co-op in the heart of prime Sutton Place. This boutique building offers just 60 residences and features 24-hour doormen, a live-in superintendent, two elevators, a laundry room and a bike room. Residence #1B includes a designated storage locker as well. Pets, pied-a-terre ownership, co-purchasing, parental purchases, and gifting are all permitted. Financing is available up to 75%, with a 2% flip tax split evenly between buyer and seller.
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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.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,207 | $3,164 | $4,014 |
Total Monthly Payment | $3,299 | $3,256 | $4,106 |
* 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.