The only new condominium in NYC with 18-½ foot ceilings in a 42-ft long Great Room, with towering arched windows, “The Library” (2W) has 5 bedrooms, 5 en suite baths & a powder room. With a private landing & 3463 SF on two levels, the Library is one of 13 extraordinary, one-of-a-kind residences in Tamarkin Co. ’s conversion of this landmarked former school. The kitchen features solid white fumed oak cabinets crafted by Christopher Peacock, with fluted glass cabinet fronts and Nanz hardware, and is open to the 37 ft Great Room providing a relaxed living and dining environment. Additional features in this absolutely gorgeous kitchen include white oak plank floors, polished Arabescato marble slab countertops and backsplash, vented Wolf 48” dual fuel range, Sub-Zero fridge & separate freezer, wine storage, microwave and warming drawers, two dishwashers, Lefroy Brooks faucets, garbage disposal, pot filler & more. On this floor are 3 en suite bedrooms, a powder room, large pantry, butler’s pantry and laundry room. En suite secondary baths are outfitted with the highest quality stone & hardware. Upstairs, on the mezzanine level, the light-filled, south-facing primary bedroom features two walk-in closets, and a luxurious bath with Calacatta gold marble slabs, custom white oak vanities by Christopher Peacock, double sinks with Lefroy Brooks fixtures, Zuma soaking tub, radiant-heat floors, towel warmers, steam shower & Toto Neorest smart toilet. This level overlooks the Kitchen and Great Room, making for a dramatic double height experience. Amenities include a 24/7 attended lobby with refrigerated storage, bike room, and stroller valet. The day lit gym features state-of-the-art equipment & the rec room features a wet bar, pool table, lounge chairs, and large-screen TV. Private storage available for purchase. Please visit www. 555westendave. com. The complete offering terms are in an offering plan available from the sponsor, file #CD17-0364. Co-exclusive. WW: The complete terms are in an Offering Plan available from the Sponsor. File No. CD14-0062. Sponsor reserves the right to make changes in accordance with the Offering Plan. Real estate taxes reflect a primary resident’s tax abatement.
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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 | $7,920,000 | $7,920,000 | $7,920,000 |
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 | 6.648% | 6.472% | 6.032% |
Monthly Tax Payment | $6,680 | $6,680 | $6,680 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $45,592 | $49,411 | $66,300 |
Total Monthly Payment | $52,397 | $56,216 | $73,105 |
* 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.