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Welcome to elegance and comfort. Nestled on prestigious Museum Mile, this expansive approx. 1, 325 sq ft residence is close by to the iconic Guggenheim Museum, situated in one of Carnegie Hill's most coveted full-service prewar co-ops.
Unlike any other C-lines in the building, Residence 7C is one of only three units designed to encompass the full footprint of the adjacent B-line unit. This exceptional layout, originally crafted in 1936 by renowned architect William M. Dowling, represents an ideal, oversized one-bedroom residence-not a later combination.
This sun-drenched, south-facing home boasts an oversized layout with formal dining or a proper second bedroom with one-and-a-half-bath. Larger than many two-bedroom apartments, it features brand new south-facing casement windows in every room, high, beamed ceilings, and original wood flooring with Art Deco marquetry. The decorative moldings throughout exude classic Art Deco charm, while the generous closet space provides ample storage. The gracious layout is perfect for entertaining and modern live/work lifestyles, blending prewar elegance with contemporary comforts. The impressive 8' x 10' entry foyer sets the tone, serving as an elegant prelude to the formal entertaining spaces and into the expansive 24' x 15' sunken living room, bathed in natural light. The formal 14' x 12' dining room or proper second bedroom flows effortlessly into the adjacent kitchen, creating an ideal setting for gatherings.
A private hallway leads to a powder room for guests and a closet. The serene bedroom suite, measuring 20' x 12', features three large closets, including a walk-in, along with a windowed en-suite bath and a cozy dressing area measuring 6' x 6'. Southern exposure light, the bedroom offers ample space for a king-sized bed, additional furnishings, a seating nook, or a dedicated home office, making it a perfect retreat from the vibrant city.
A distinguished Art Deco masterpiece by William M. Dowling, 19 East 88th Street offers a meticulously restored lobby that welcomes residents and guests with timeless charm. The landscaped rooftop, with multiple seating areas offers breathtaking panoramic views. Residents also enjoy a brand new fitness center, central laundry facilities, a bike room, and additional storage. Washer/dryers and central A/C are permitted with board approval, and the building is pet-friendly. Conveniently located near Central Park, premier cultural institutions, top-tier dining, boutique shopping, and excellent transportation options, this residence offers an unparalleled lifestyle in the heart of the city.
50% max financing. Please note: 19 East 88th Street does not allow gifting, co-purchasing, or parents buying for children. Guarantors are allowed only on a case-by-case basis. Sublet Policy: 2-3 years over the lifetime of ownership.
Special Assessment:
November 1st, 2024 - October 2027
$575 monthly
There are 2 projects the assessment will cover: 1) Facade project (has already begun) 2) Hallway project
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
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 | $6,813 | $7,684 | $10,208 |
Total Monthly Payment | $6,938 | $7,809 | $10,333 |
* 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.