Residence 28A at 255 East 77th Street is a bright and airy four bedroom residence with open city and Park views west, south, and east. The entrance gallery, with wonderful art walls, leads to the south and west facing 35 foot wide corner living room with an open eat-in kitchen with a wonderful separate pantry. The four bedrooms, each with its own ensuite bath, are split for privacy and are arranged in a way that allows one to be used as a library. The primary bedroom suite has an elegant five-fixture bathroom, two walk-in closets and cinematic views south and east. A full laundry room with linen closet and a chic powder room located off the entrance gallery complete the home. The design of the residences at 255 East 77 is contemporary, honoring classicism with a fresh approach. Abundant light streams in, complementing the tailored interiors that are anchored with pristine white oak flooring. The commitment to design excellence can be felt in each room and at every opportunity, especially in the kitchens, which feature honed Calacatta marble countertops and backsplashes and marry state-of-the-art technology, top appliances (Miele and Sub-Zero) and beautiful craftsmanship. Primary bathrooms feature custom stone floors, Bianco Dolomite marble walls, and vanity tops, complemented by warm wood cabinetry and Waterworks hardware. Rain showers and heated floors infuse every day with luxury. 255 East 77th Street is a beautiful residential tower developed by Naftali Group and designed by Robert A. M. Stern Architects. The building offers expansive views of Central Park and the Midtown skyline and is moments from the city’s finest cultural institutions, parks, shopping, and dining. Carved leaf details echo the street’s tree-lined greenery while large-scale windows, fine ironwork, and monumental arches soar toward the building’s iconic crown. The Yabu Pushelberg-designed public spaces and amenities, bring a fresh and vibrant point of view while still respecting the Upper East Side sensibility. In the tower, a seventy-five-foot swimming pool with soaring ceilings and beautiful views is the centerpiece of a collection of comprehensive wellness and entertainment spaces designed with a hospitality perspective, including a fitness center, yoga room, spa with steam room and sauna, and a massage/treatment room. A library in the sky with a charming fireplace opens to a dramatic outdoor space. Additional building amenities are all designed at the highest level with something for everyone, including a cinema, a sports simulator, a kids club space, and a soundproof music practice room with a recording studio. Beyond the gates of the porte-cochere, there is a concealed automated parking system at ground level. The lobby will be attended 24 hours a day with a doorman and concierge service. The complete offering terms are in an offering plan available from the sponsor, file number CD23-0340.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,212,000 | $7,212,000 | $7,212,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $5,243 | $5,243 | $5,243 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $42,087 | $45,585 | $60,859 |
Total Monthly Payment | $47,455 | $50,953 | $66,227 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.