A magnificent 2 bedroom 2. 5 bathroom pied a terre awaits you at 875 Fifth Avenue boasting a singular personality sure to bring your search to an end! A unique blend of PANORAMIC VIEWS high above the trees of Central Park, a rare duplex layout, a formal dining room, architectural features, central air conditioning, prewar charm and an abundance of natural light make this home a dream come true!
One enters this rarity into a stunning gallery flanked by paneled archways that lead your eye to the vistas of Central Park and the city beyond. The dining room with two large windows before you is inviting and a great introduction to this beautiful home. The adjacent living room is a fabulous entertaining space from which one enjoys incredible light and views. The kitchen is a delight with a window facing central Park and a butler's pantry. It is the perfect scale for intimate gatherings at home, and a view like this from a kitchen can't be found anywhere else! The three rooms: living room, dining room and kitchen flow beautifully from one to the other. Returning to the gallery one finds a lovely powder room, coat closet and grand staircase that ascends to the bedroom level. No need to bring your bags up the stairs as one can take the elevator directly to the 14th floor for direct entry to the bedroom level for ease of arrival. The bedrooms are both large! The park facing primary bedroom is a treat. Where else will you find an ensuite primary bath that looks out over Central Park through a large picture window? Its abundant scale makes for a very comfortable existence and offers an extra large walk in closet! The guest bedroom is also more than comfortable and has two large park facing windows, ensuite bath, and a walk in closet. Outside the bedroom on the landing is a linen closet and egress to the 14th floor. This unique opportunity includes a separate studio on the lobby level originally meant for staff, but typically used for a home office, work out space or specialty storage for things such as a wine collection or even use as an art studio.
875 Fifth Avenue is a white glove cooperative building offering 24 hour doormen, around the clock maintenance staff, security desk, full time resident manager, a state-of-the-art fitness center, business center/media room, bike room, and central laundry room. Located on Fifth Avenue and East 69th Street one enjoys living on Central Park with access to the best restaurants and shops the Upper East Side has to offer. Please note that pets are not permitted, and there is a 12-month capital assessment in place for $383. 33/month. The building allows pied-a-terre, 50% financing, and a there is a 4% flip tax.
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Our Executive Mortgage Banker:
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$3,750,000
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 | $3,000,000 | $3,000,000 | $3,000,000 |
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 | $17,746 | $19,209 | $25,519 |
Total Monthly Payment | $17,871 | $19,334 | $25,644 |
* 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.