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Live on Park Avenue - A Rare Opportunity to Create Your Dream Home!
Nestled within a classic pre-war, full-service condominium, this two-bedroom, two-bathroom residence at 71 Park Avenue presents an exceptional opportunity for a discerning buyer to craft a bespoke Park Avenue home. Boasting 9. 5-foot ceilings, a windowed kitchen, and a windowed bath, this apartment is primed for a full renovation, offering the perfect foundation for a stunning transformation. With a thoughtful layout and only four residences per floor, privacy and tranquility are paramount.
Located in the heart of Murray Hill, 71 Park Avenue is a boutique condominium offering 24-hour doorman service, a live-in resident manager, laundry facilities, a bike room, and a common storage room . This sought-after neighborhood delivers the charm of a residential enclave with the convenience of Midtown's premier dining, shopping, and cultural destinations just moments away. Bryant Park , with its lush greenery and year-round events, is just a few blocks away, while Grand Central Terminal -offering access to the 4/5/6, S, and 7 subway lines as well as Metro-North ensures effortless transportation. Don't miss this rare opportunity to reimagine a classic Park Avenue residence to your exact specifications.
All photos virtually staged.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,140,000
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 | $912,000 | $912,000 | $912,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.487% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,178 | $5,690 | $7,696 |
Total Monthly Payment | $5,303 | $5,815 | $7,821 |
* 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.