Ideally located on East 71st Street and situated in one of Park Avenue’s most esteemed pre-war white-glove cooperatives, this abundantly bright high-floor residence is distinguished by its grand proportions, an extremely gracious and versatile layout, distinctive areas for living and entertaining, and superb original architectural details. Accessed by a private elevator landing, the large rectangular Gallery opens to three splendid entertaining rooms. An impressive corner Living Room and handsome wood-paneled Library both boast fireplaces and eastern outlooks over Park Avenue and are flooded with sunlight. Equally notable is the very large formal Dining Room. A Powder Room and coat closet are conveniently accessible. Nearby, a spacious and well-appointed chef’s Kitchen is equipped with top-of-the-line appliances and is supported by a large butler’s Pantry with Laundry, a wonderfully large Great Room with a built-in banquette for casual dining, and two Powder Rooms. Adjacent to the Pantry, a well-designed and quiet private Office with floor-to-ceiling bookcases has pretty views onto East 71st Street. Set apart by an elegantly wide hallway, the tranquil private quarters include a Primary Suite comprised of a lovely Bedroom with wonderful views over Park Avenue and a fireplace, a wood-paneled Sitting Room/Bedroom, currently configured as a Study, two attractive large marble bathrooms, one with a soaking tub, and extremely ample storage with dedicated closets for shoes and jewelry. There are three additional Bedrooms, two of which have pretty Park Avenue vistas, capacious walk-in closets, and a shared double bathroom; the third has an ensuite bathroom and ample closets. Throughout this splendid residence, impressive scale and the pleasing proportions of the rooms lend themselves effortlessly to the notion of elegant entertaining. Wonderful period detail, such as beautiful parquet de Versailles floors, and the apartment’s pre-war sensibility are complemented by modern conveniences, including multi-zone central air conditioning and Lutron lighting and shade control systems. In addition, and for sale separately, there are two well-sized staff apartments on the first floor of 730 Park Avenue. Both include updated kitchens and bathrooms, one also incorporates a full-sized Laundry Room. Designed in a Jacobean / Tudor style by master architects F. Burrall Hoffman, Jr. and Lafayette A. Goldstone in 1929, 730 Park Avenue is considered one of New York’s finest residential addresses. Impeccable staffing includes a full-time doorman and porters, as well as a highly-regarded resident manager. The building has recently renovated its beautiful marble-clad entrance lobby and offers its residents the use of a state-of-the-art private fitness center as well as dedicated storage units. Pets are welcomed.
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William Raveis Mortgage, LLC
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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 | $12,800,000 | $12,800,000 | $12,800,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $73,684 | $79,855 | $107,151 |
Total Monthly Payment | $73,809 | $79,980 | $107,276 |
* 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.