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Splendid Park Avenue Duplex
This captivating duplex stands as one of the rare residences in the United States envisioned by the esteemed Belgian designer, Axel Vervoordt. Expertly renovated to the highest standards, this apartment showcases impeccable craftsmanship, including the use of lyme plaster and paint, meticulously applied by European artisans under Mr. Vervoordt's direction. The residence is further highlighted by generously proportioned windows that offer breathtaking views of Park Avenue from every major room, soaring ceilings over 10 feet in height, and five elegant fireplaces.
A semi-private elevator landing opens to the gracious Gallery, anchored by an elegantly curving staircase. The impressive corner Living Room, Dining Room, and Library are arranged in a seamless enfilade, all with expansive Park Avenue outlooks. The Living and Dining Rooms both have imported 18th-century parquet floors, and all three feature gas fireplaces. Nearby, a sleek chef's kitchen features custom stainless-steel cabinets and countertops. From the Gallery a coat closet and a Powder Room are conveniently accessible.
The Upper Level, private and luxurious, boasts a generous corner Primary Bedroom clad entirely in goatskin parchment leather and is bathed throughout the day with southern and western sunlight. The adjacent spa-like bathroom is outfitted with double sinks, a separate shower, and a soaking tub.
Two additional Bedrooms, each feature their own fireplaces (one is currently concealed but can easily be restored to its original form, should the new owner desire). Additionally, there are two full bathrooms, a laundry room, and very ample closets.
The Lancashire is a Neo-Renaissance masterpiece, built in 1910 by architect Walter B. Chambers. This coveted, white-glove cooperative incorporates only 18 residences and offers unmatched privacy and service. Rich in history and architectural integrity and featuring an exceptional and glorious design aesthetic, this magnificent residence is a delight in every way. Please note, the apartment trades with 2 staff rooms. Pets allowed. Flip Tax 2%. Co-Exclusive.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,950,000
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 | $7,160,000 | $7,160,000 | $7,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,654 | $45,846 | $60,905 |
Total Monthly Payment | $40,779 | $45,971 | $61,030 |
* 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.