***SPONSOR SALE ESTATE CONDITION*** Create your Carnegie Hill dream home in this sprawling two-bedroom, two-bathroom residence featuring inviting prewar proportions and an elegant layout in a beautifully converted Rosario Candela building just inches from Fifth Avenue and Central Park. A graceful gallery entry flanked with closets makes a warm welcome in this expansive 1, 375-square-foot residence wrapped in oversized windows on the northern, eastern and southern exposures. Ahead, the nearly 24-foot-long living room provides a generous footprint for seating and dining areas surrounded by hardwood floors, tall beamed ceilings and a wood-burning fireplace. Across the gallery, the windowed eat-in kitchen sets the stage for the gourmet wonderland of your dreams. A private hallway leads to the king-size corner primary suite, where you'll find plenty of room for a sitting area, home office or fitness space. Two large closets and an en suite bathroom complete the primary suite, while a large secondary suite offers a windowed private bathroom and a roomy closet of its own. This beautiful Carnegie Hill haven conveys with a deeded storage unit. Designed by Candela in 1931, 12 East 88th is a 2017 condominium conversion combining prewar grandeur with modern conveniences and full-service amenities. Residents enjoy a classic canopy entry, grand lobby, full-time doorman/concierge service, a resident manager, a package room, laundry and resident's lounge, plus a state-of-the-art gym and children's playroom that open to a landscaped garden terrace. From its revered position between Fifth and Madison avenues, this home embraces both residential serenity and easy accessibility to the coveted Upper East Side lifestyle. Wonderful boutiques and cafés line nearby 86th Street and Madison. Central Park and the Reservoir unfold 300 feet from your front door, and revered Museum Mile institutions, including the Guggenheim, Neue Galerie and the Met, surround you with breathtaking works of art. Transportation is effortless, with 4/5/6 and Q trains, excellent bus service and CitiBikes all within reach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,225,000
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 | $1,780,000 | $1,780,000 | $1,780,000 |
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 | $10,107 | $11,398 | $15,141 |
Total Monthly Payment | $10,232 | $11,523 | $15,266 |
* 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.