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Experience the timeless appeal of prewar living in this spacious one-bedroom apartment with a lofted sleeping area, located at 517 East 87th Street, #4W. Nestled on a picturesque, tree-lined street in the heart of the Upper East Side, this home offers nearly 10-foot ceilings, eight windows with three exposures (South, West, and North), charming exposed red brick, and beautiful hardwood floors throughout.
The apartment features a kitchen with two windows, a windowed bathroom, and generously sized living/dining areas and in unit washer/dryer. The master bedroom is bathed in natural light, with southern exposure and serene treetop views, while the lofted sleeping area offers a versatile bonus space.
517 East 87th Street is a well-maintained boutique cooperative, where gifting, co-purchasing, guarantors, and pied-terres are considered on a case-by-case basis. Additionally, central AC has been installed in the neighboring unit, should you wish to update.
Conveniently located near the Second Avenue subway line, as well as the 4, 5, and 6 trains on Lexington Avenue, this building is just one block from the iconic Carl Schurz Park and Gracie Mansion. 4W is just steps away from the serene Peter Pan Garden, located at the cul-de-sac at the base of East 87th Street, within the beloved Carl Schurz Park. This popular park stretches from 90th to 84th Street, offering a range of amenities that outdoor enthusiasts will love, including pickleball courts, dog runs, a spacious playground, expansive lawns, and direct access to the East River for scenic walks and runs.
Enjoy easy access to nearby grocery stores and a variety of restaurants, making this an ideal place to call home. For car owners, the location is particularly convenient, with easy access to the FDR and available street parking nearby. Contact Brown Harris Stevens for any direct listing questions
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $532,000 | $532,000 | $532,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,276 | $3,495 | $4,418 |
Total Monthly Payment | $3,368 | $3,587 | $4,510 |
* 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.