Buyer incentive - Limited time offer! Transfer Taxes, Mansion Taxes, and Two Years of Common Charges Paid by Sponsor. Immediate occupancy! Penthouse 17 is an exquisite full floor, four-bedroom, 4. 5 bathroom penthouse designed by renowned architect Deborah Berke Partners. Spanning approximately 3, 237 square feet, this generously scaled residence features direct elevator access, 11 foot ceilings, oversize casement windows, custom moldings, 8 foot doorways, white oak flooring, and private laundry room. The luxurious open chef's kitchen boasts high-gloss lacquer painted Italian cabinetry complemented by hand-selected Italian Arabescato Cervaiole marble slabs and a gracious kitchen island for entertaining. Upper cabinet doors feature a unique woven metal mesh panel and beveled trim, adding a refined pattern to the kitchen composition. The kitchen is completed with sophisticated appliances by Gaggenau and a separate breakfast nook with a terrace overlooking the East River and Queensboro bridge.
The generous master bedroom suite features an expansive private terrace with views of the Midtown skyline, two walk-in closets, and an en-suite master bathroom with hand selected Arabescato Cervaiole marble, fluted mirrored glass panels, and a custom Italian vanity and Waterworks Henry collection fixtures in polished nickel. The master bathroom also features a 6 foot soaking tub, walk-in shower, private water closet, and radiant heated floors.
The amenities at 40 East End offer an extension of the already gracious residences, and are designed with a focus on convenience and glamour. Adjacent to the lobby, the impressive double-height Parlor Lounge has custom upholstered seating, wet bar, dramatic chandelier, and a sculptural marble staircase with bronze cladding. The second floor suite of amenities include: The Library, a graciously furnished refuge for out-of-office work; The Game Room with foosball, billiards, table tennis and darts to bring all ages together; The Gourmet Catering Kitchen which services the common spaces, and The Fitness Center featuring state-of the-art exercise equipment and training tools to promote an active lifestyle.
Private storage is included in purchase. There is an assessment of $939. 02 per month from 11/24 through 4/25.
The complete offering terms are in an offering plan available from Sponsor, 40 East End Ave. Associates, LLC. FILE NO. CD18-0052. Sponsor makes no representations or warranties except as may be set forth in the Offering Plan. Sponsor reserves the right to make changes in accordance with the terms of the Offering Plan. Equal Housing Opportunity.
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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 | $7,988,792 | $7,988,792 | $7,988,792 |
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 | $4,812 | $4,812 | $4,812 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,620 | $50,495 | $67,414 |
Total Monthly Payment | $51,557 | $55,432 | $72,351 |
* 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.