Perched high above Park Avenue and 57th Street, this unique, high-floor residence offers the rare opportunity to own a quiet and modern 1-bedroom home with a private terrace at the esteemed Dorchester. Upon entry, the foyer leads into an expansive living, dining and entertaining space. The sleek and modern kitchen is uniquely open and grand featuring Corian counters, integrated dishwasher and appliance suite, a plethora of counter space, custom cabinetry and glass backsplash. The private terrace spans approximately 249+/- square feet and easily accessed through floor-to-ceiling glass doors that allow the beautiful Southern sunlight to pour through the home all day. The primary bedroom is tucked away on the opposite side of the apartment. It features an absolutely immense amount of storage with a full wall of built in and custom closets, an oversized walk-in, custom shelves and a beautifully positioned custom work station. The luxurious full bathroom and linen closet are located just outside of the primary. For added privacy, a sliding door has been added to separate the bedroom and bathroom wing from the living space, creating an ensuite feel. The Dorchester is a distinguished, full-service building offering low monthly maintenance fees and an exceptional range of amenities, including a brand new fitness center, on-site laundry facilities, and an on-site garage with discounted rates for shareholders. Situated in a prime yet quieter stretch of 57th Street, this residence provides easy access to the vibrant energy of Midtown, the Theater District, and the world-class shopping and dining along both Fifth and Madison Avenues. Pied-à-terres and up to 70% financing are permitted, and pets are welcome with board approval. 2% flip tax paid by Buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$895,000
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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.346% | 5.907% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,009 | $4,409 | $5,946 |
Total Monthly Payment | $4,101 | $4,501 | $6,038 |
* 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.