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Welcome home to this quintessential Park Avenue 7-room charming pre-war residence with wonderful natural light.
The traditional original details, including high ceilings, herringbone hardwood floors, and a gracious central gallery with a powder room, further enhance the well-thought-out and versatile layout.
The south-facing living room is centered on the wood-burning fireplace, while a dining room/den just off the central gallery adds versatility to the home.
A separate hallway leads to two oversized bedrooms, each with ensuite bathrooms and picturesque tree-lined views.
The suburban-sized eat-in chef's kitchen features a breakfast bar, top-of-the-line appliances, oversized windows, washer/dryer, and an adjacent extra area that could conveniently accommodate a dining table or office.
Additionally, there is a graciously sized third bedroom with an ensuite bathroom.
Nestled within the esteemed 1930 cooperative at 1220 Park Avenue, featuring white glove service and a full-time doorman with a resident manager. Situated mere minutes from Central Park, and an array of schools, restaurants, and museums, this residence offers an unparalleled lifestyle opportunity.
A 3% flip tax payable by the purchaser.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,849,000
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 | $2,279,200 | $2,279,200 | $2,279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,120 | $14,594 | $19,542 |
Total Monthly Payment | $13,245 | $14,719 | $19,667 |
* 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.