New York (Lenox Hill), NY, 10021 | $13,750,000

Ideally located in one of Park Avenue's finest prewar cooperatives, at the corner of 72nd Street, this extraordinary 14-room residence has massive proportions and 100-feet of Park Avenue frontage. Designed by renowned architect Rosario Candela, the residence offers grand scale rooms with a graceful layout accentuated by magnificent original architectural elements. Resplendent with glorious light streaming in from 25 windows, the sprawling home spans all four exposures. It has soaring ceilings enhanced by traditional moldings and tall doorways; pristine hardwood flooring may be found throughout. A private elevator entry opens to a vast 29-foot-by-12-foot gallery, providing an impressive introduction to the home. The gallery opens onto a grand corner 33- foot corner living room with herringbone flooring and a wood-burning fireplace. The living room's western window captures a peek of Central Park in the distance. Enhanced by custom wood-working and custom built-ins, the 20-foot library faces Park Avenue and has a wood-burning fireplace. There is a gracious and inviting 25-foot formal dining room with a fireplace and two large windows facing 72nd Street. A sprawling 28 x 17 Eat-in-kitchen has open views northward over landmarked townhouses. The kitchen photos shown reflect an example of the renovation potential of this impressive space. An enormous staff wing consisting of five small individual bedrooms is located off of a separate corridor leading northward from the kitchen. This wing could be re-configured as additional primary bedrooms, or as a large den/media room off of the eat-in-kitchen. The main bedroom wing of the residence includes four oversized bedrooms, each with an en-suite bathroom and ample closets space. Three of the four bedroom suites have beautiful views over Park Avenue, and the fourth bedroom has open city views to the east, overlooking landmarked townhouses below.

Built in 1927, the limestone and brick Italian Renaissance building is one of the most distinctive buildings on Park Avenue. Residents of this prestigious white-glove cooperative enjoy the highest levels of service and privacy, as well as a recently renovated and enlarged gym. There is a 3% flip tax payable by the purchaser. The building now permits up to 50% financing, and heavy renovations may be done during the six month period between April 1 and October 1.

Features

  • Town: New York
  • Cooling: Other
  • Levels: 14
  • Rooms: 14
  • Bedrooms: 4
  • Baths: 5 full / 2 half
  • Laundry: Building None,In Unit
  • Complex: 775 Park Ave Inc.
  • Year Built: 1927
  • Common Charge: $15,332 Monthly
  • Approx Sq. Feet: 5,500
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RPLU-21921485565
  • Days on Market: 1113 days
  • Website: https://www.raveis.com
    /prop/RPLU-21921485565/765parkavenue_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens Residential Sales LLC   Phone: (212) 906-9234

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Lenox Hill), NY, 10021

$13,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $11,000,000 $11,000,000 $11,000,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $64,193 $69,527 $92,824
Total Monthly Payment $64,318 $69,652 $92,949

* 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.