785 Fifth Avenue, #5E, New York (Upper East Side), NY, 10022 | $2,995,000

RARELY AVAILABLE AND EXTREMELY WELL PRICED. This E line has been expanded to include an additional large living space and storage, making it an oversized seven-room. A grand 3 bed/3. 5 bath with ~9 ft ceilings and an immense, open living space on the prime corner of Fifth Ave and 60th Street, presents an amazing opportunity to create the perfect home to your taste. With generously proportioned rooms and a classic layout, this residence offers the feel of a prewar apartment, in a modern building with a brand-new lobby and fitness center. A semi-private landing leads into a spacious foyer that separates the oversized living and dining rooms. The double wide living room opens up into a library, creating an immense living and entertaining space with ~34 ft overlooking the Metropolitan Club and partial views of Central Park. The formal dining room leads to the windowed kitchen, butler’s pantry, staff room and full bathroom off the service hallway. A well-placed powder room off the foyer rounds out the public space. Separate sleeping quarters include a large primary bedroom that offers partial park views, an en suite bathroom and a large walk-in closet. There is a spacious second bedroom, also with an en suite bathroom. The home is accentuated by a washer/dryer, ample closet space and additional private storage in the basement. Parc V is a distinguished, full-service, white-glove cooperative where residents enjoy the highest level of service, security, and discretion. Clad in limestone and designed in 1963 by premier architect, Emery Roth, the lobby and fitness center have recently been renovated to rival the most elegant in the City. Situated between The Sherry Netherland and The Pierre, in the most prestigious enclave of Manhattan, this quintessential location is just steps from New York's most coveted retail boutique and restaurants; next to Cipriani, across from The Metropolitan Club and adjacent to Bergdorf Goodman. And a short walk across Central Park takes you to the Time Warner and Lincoln Center. 50% financing is allowed, and pied-a-terres are permitted. There is a 2. 5% flip tax. No pets please.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 18
  • Amenities: Garage; Fitness Room; Laundry Room; Private Storage;
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: InUnit,OnCommonFloor
  • Complex: Park V
  • Year Built: 1963
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Attended Elevator
  • Service Level: Full Service
  • Doorman: FullTime
  • OLR#: PRCH40049196
  • Days on Market: 59 days
  • Website: https://www.raveis.com
    /prop/PRCH40049196/785fifthavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Sotheby's International Realty, Inc.

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

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785 Fifth Avenue, #5E, New York (Upper East Side), NY, 10022

$2,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $2,396,000 $2,396,000 $2,396,000
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 $13,604 $15,342 $20,381
Total Monthly Payment $13,729 $15,467 $20,506

* 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.