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Discover luxury living at its finest in the Sovereign. This spacious 1 bedroom, 1. 5 bathroom apartment boasts approximately 1400 square feet of living space to create your perfect home in the city. You have views of the 59th street bridge (and a peek of the river) from almost anywhere in the apartment, offering a real city backdrop to your daily life.
Step out of the express elevator into the semi-private landing. Open the door and an entry foyer leads to a gracious gallery with a perfect wall for displaying large format art. A powder room for guests is tucked away off the gallery, along with an extra set of closets. In the oversized living room you'll see the infinite layout options; you could easily entertain a group of 20 in style in this living space between the living room, gallery, dining room and kitchen.
Easy upgrades like replacing the floors and updating the kitchen (and new windows, required) will make this apartment shine, and will add instant equity. Apartments in this line typically sell for about $400, 000 more, and also have higher maintenance.
The gracious bedroom which includes a walk-in closet, almost the size of a dressing room, and an ensuite 4-piece bathroom with a soaking tub and a walk-in shower.
Enjoy a Bosch Washer/Dryer right in your apartment!
Hotel-like amenities at the Sovereign, include a full-time doorman, concierge, live-in super, friendly staff, gym, and on-site valet garage. Pets are permitted and purchase in trust/LLC is allowed with board approval.
Located in the wonderful residential neighborhood of Sutton Place, the Sovereign is a luxurious building and convenient to transportation: the building is located a few blocks away from the 59th Street Bridge and FDR Drive, and the 4/5/6/N/R/W trains are also nearby with an entrance at 60th and 3rd Avenue. Shopping includes Whole Foods, Trader Joe's across the street, a wonderful butcher, cheese store, and bakeries nearby. Dozens of restaurants in every cuisine imaginable (American, Greek, Italian, French, Japanese, South Indian, and Lebanese to name a few) are within a few blocks.
This is a rare opportunity to own a wonderful home or pied a terre in a terrific building in a terrific neighborhood. Don't miss out on this chance to make this apartment yours for $1, 000, 000.
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Our Executive Mortgage Banker:
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$1,000,000
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 | $800,000 | $800,000 | $800,000 |
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 | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $4,542 | $5,122 | $6,805 |
Total Monthly Payment | $4,634 | $5,122 | $6,805 |
* 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.