**Please note that the sellers could subsidize a portion of the maintenance costs. Pied-à-Terre, co-purchasing, parents buying for students and employed children, as well as LLC and trust ownership, are all welcome. Subletting is permitted without board approval, and guarantors are embraced. Pets are warmly welcomed. This residence is a must-see in person, where beauty and space harmoniously meet privacy, offering the finest perks of NYC living. Experience effortless luxury living with all the benefits of residential living and a 5-world class hotel. Built in 2006, 50 Gramercy Park North offered condo owners the opportunity to indulge in the iconic Gramercy Hotel's luxurious lifestyle, with absolute special access. Exclusive Amenities and Hotel Services: Residents enjoy two discreet and private entrances to the adjacent 5-star Gramercy Park Hotel, granting them exclusive access to an array of amenities and white-glove services. These include housekeeping, room service, a state-of-the-art fitness center, concierge services, massage and spa treatments, catering, babysitting, pet walking, valet parking, and the enchanting rooftop garden and meeting rooms. The hotel is anticipated to reopen in late 2025 to early 2026. Shareholders enjoy the rare privilege of key access to this historic and picturesque park, infusing their daily lives with a touch of timeless elegance. The Residence: Welcome to an exquisite 3, 809-square-foot full-floor home, offering 75 feet of uninterrupted views over Manhattan’s exclusive Gramercy Park. Bathed in natural light from the south, east, and west, this stunning residence features an expansive, sunken loft great room with a wood-burning fireplace and floor-to-ceiling windows that illuminate the space. The generous master bedroom suite, adorned with its own wood-burning fireplace, boasts a spacious dressing room and a lavish en-suite sanctuary bathroom. Indulge in the oversized oval tub, stall shower, double sinks, and custom dressing and glam room, all designed by Mary-Kate Olsen. Two additional bedrooms share a large Jack-and-Jill bathroom, ensuring both comfort and privacy. The modern chef’s kitchen is a culinary dream, equipped with industrial-grade stainless steel appliances, including a Miele 5-burner gas stove and Sub-Zero refrigerator. The eat-in area perfectly blends style and functionality, making it an ideal space for gourmet cooking.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,000,000
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 | $3,200,000 | $3,200,000 | $3,200,000 |
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 | 6.697% | 6.597% | 6.158% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,674 | $20,226 | $27,003 |
Total Monthly Payment | $18,799 | $20,351 | $27,128 |
* 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.