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'Palace on Park Avenue'
A palatial residence on the 16th, 17th and 18th floors of one of Park Avenue's most prestigious white-glove cooperatives. Considered one of the finest homes on the Upper East Side, it was renovated down to the studs and remains in mint condition. With 14 rooms, 5 bedrooms, 6 bathrooms and 2 half bathrooms - luxury abounds with over 6000 interior square feet. There are private terraces spanning over 1300 square feet with open views of the Manhattan skylines and Central Park vistas. Apartments of this scale and condition on Park Avenue rarely become available.
16th floor: A private elevator landing leads to a circular marble gallery and a sweeping marble staircase with an intricate bronze balustrade. The gallery is flanked by a mahogany paneled library with a working marble fireplace and three French doors leading to a western terrace. Adjoining the library is the den or TV room with a decorative marble fireplace and access to its own terrace. The very heart of this impeccable home, the spectacular kitchen, is classically designed with large gatherings, celebrations and entertaining in mind. All surfaces are clad in the finest Carrara marble, there is endless storage and only the absolute top of the line appliances were installed. It is both functional and remarkable for everyday living. There is a home office just beyond the kitchen and there are two internal elevators that service the apartment.
17th floor: The home's dramatic staircase brings you to an expansive marble landing with a formal living room and a memorable dining room. Or simply have your guests arrive by elevator directly to this floor for aperitifs and catered dinner parties. Later in the evening, bring your guests for dessert and coffee to the 16th floor terrace to experience city views and a glittering evening skyline. All three levels have building elevator access and private vestibule landings.
The formal living room has perfect proportions, with large picture windows and triple exposures. The circular dining room has stunning mahogany inlaid flooring and a working marble fireplace. These rooms are impressive in scale but comfortable and intimate. Serving these main rooms is a fully equipped butler's kitchen and staff quarters or 5th guest bedroom and a full marble bathroom. There are powder rooms on the first and second levels.
18th floor: The top floor is wrapped by the home's largest private terrace with vistas of Central Park and breathtaking views. The primary bedroom suite includes his and her bathrooms, sitting and dressing rooms, and 15 windows and French doors offering multiple points of access to the outdoors. The additional second, third and fourth bedrooms with marble en-suite bathrooms and walk-in closets are perfectly situated allowing privacy for all. There is a large laundry room also located on this floor.
Built in 1930 and designed by Sloan & Robertson, one of the major New York architectural firms of the 1920s and '30s, 895 Park Avenue is an Art Deco masterpiece. A full-service white glove cooperative with exemplary staff, including full-time doormen and porters and a live-in resident manager. Building amenities include a gym and squash court. The building permits 50% financing, there is a 3% buyer-paid flip tax, and it is pet friendly.
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Our Executive Mortgage Banker:
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Contact@raveis.com
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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 |
|
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Loan Amount | $23,800,000 | $23,800,000 | $23,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $135,134 | $150,432 | $200,838 |
Total Monthly Payment | $135,259 | $150,557 | $200,963 |
* 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.