Situated in one of Park Avenue's most esteemed pre-war cooperatives, perfectly located at the crossroads of the Upper East Side and the most prestigious part of midtown, this elegant 7 room apartment offers approximately 2200 square feet of extraordinary space, with grand proportions and plenty of opportunities for customization.
The spacious entry gallery features a vaulted ceiling and opens to an impressive, light-filled living room, with 10-foot ceilings, herringbone pattern hardwood floors, 3 oversized south-facing windows, and a wood-burning fireplace. At the other end of the gallery is the dining room, which opens to a wood-paneled library. These rooms could be combined to create a grand formal dining room, the original layout of the apartment. Adjacent to the dining room is a large eat-in kitchen, with extensive storage, a washer and dryer, and a convenient service entrance. A generous staff room (or home office) has an ensuite bath and is just off of the library.
The tranquil and bright bedrooms are ideally located in a private wing, separated from the rest of the apartment by a spacious hallway with a large walk-in cedar closet. Each of the two bedrooms has splendid south facing windows and extensive storage space. The grandly scaled primary suite has a huge cedar-lined walk-in closet, and an enormous marble-clad bath featuring two separate sinks and vanities, a walk-in shower, separate bathtub, and a window. The secondary bedroom also features a walk-in cedar closet and a windowed marble bath.
Designed by legendary architect Emery Roth and completed in 1929, 480 Park Avenue boasts one of the most impressive lobbies in Manhattan, as well as 24-hour doormen and a concierge, a live-in resident manager, a stunning roof deck with glorious views, and a fitness center. Steps from Central Park, and surrounded by New York City's finest restaurants, museums and shopping along on Madison and Fifth Avenues.
Up to 50% financing, pets, pied-a-terres and foreign buyers are all permitted, with board approval. 2% coop transfer fee paid by the purchaser.
Showings are by appointment only, Monday through Friday between 9am and 5pm.
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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 | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,671 | $10,481 | $14,064 |
Total Monthly Payment | $9,796 | $10,606 | $14,189 |
* 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.