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This stunning and expansive residence is defined by its spectacular Living Room, myriad architectural merits, a stellar floor plan, and delightful, high-floor sunlight and views. Throughout, original details, such as beautiful hardwood floors and period moldings abound and are complemented by modern conveniences added in a comprehensive and meticulous renovation, including new central air conditioning and windows throughout. Located directly across from the Metropolitan Museum of Art and Central Park, this apartment’s impressive scale and generous room proportions make it an ideal apartment for grand entertaining as well as an exceptionally comfortable lifestyle. Occupying the seventh floor, this full-floor simplex boasts outlooks onto the Museum’s iconic limestone facade and the fountains and trees of David H. Koch Plaza, as well as spectacular panoramic vistas over Central Park’s dramatic seasonal foliage. With open views in four directions, sunlight is a constant in this most delightful home. 1020 Fifth Avenue is architecturally notable for its ingenious design of staggered Living Room floors, which has created showstopping Grands Salons with soaring high ceilings on some levels, such as in the current, very fortunate residence. Featuring a nearly 14’ ceiling height, very dramatic scale, three sets of enormous windows, and a wood-burning fireplace, the spectacular Living Room is stepped down from the rest of the apartment. Nearby, the very handsome corner Library boasts spectacular southern and western sunlight and a wood-burning fireplace, and the expansive, stately Dining Room, also with a wood-burning fireplace, complete the triumvirate of very welcoming entertainment rooms. A Powder Room and a coat closet are conveniently accessible. Beyond, a cheerful and sunny chef’s eat-in Kitchen with state-of-the-art appliances and abundant storage is supported by a convenient Office and a Bedroom with an ensuite bath. The tranquil private quarters, separated from the rest of the residence by a long, wide hallway, feature a very wonderful corner Primary Bedroom with a wood-burning fireplace, an ensuite bath, and a capacious walk-in closet. There are three additional Bedrooms, each with an ensuite bathroom and very ample closets. 1020 Fifth Avenue features an attractive and quiet canopied entrance on 83rd Street with beautiful sidewalk landscaping. Impeccable staffing includes a full-time doorman and porters, a concierge service, and a resident superintendent. Pets are welcome. Designed in 1925 by the renowned firm of Warren & Wetmore, the primary architects of Grand Central Terminal, this Beaux-Arts masterpiece remains one of the supreme residential buildings in Manhattan.
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$16,500,000
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 | $13,200,000 | $13,200,000 | $13,200,000 |
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 | $74,948 | $84,521 | $112,283 |
Total Monthly Payment | $75,073 | $84,646 | $112,408 |
* 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.