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Expansive & sophisticated 1 bedroom | 1 bathroom apartment in a boutique, pre-war elevator coop in the heart of Sutton Place. Residence 5D is complete with wood-burning fireplace, oversized windows and a private balcony. Details include: • 15'10" wide living/ dining room with grand proportions, thoughtful built-ins, private Juliet balcony and a wood-burning fireplace with a handsome mantle. • Well-outfitted kitchen with high-end, stainless steel and paneled appliances, enviable storage and a serene, neutral color scheme. • King-sized bedroom with Southwestern exposure, large closet, custom dressing area and ensuite windowed bathroom • Distinct foyer with sizable coat closet • Beautiful, blonde hardwood floors with inlaid trim throughout 414 E 57th Tenants Corp is an established Sutton Place co-op known for its rough faced brown brick façade and decorative 'Spanish-style' terracotta roof. Built in 1925 and converted from a rental building in 1982, this historic building with terracotta rosettes and terrazzo flooring was designed by Mann & MacNeille and was allegedly inspired by medieval Italian architecture. The coop has a storied history of creative residents, inclusive of illustrators, painters, concert pianists, architects, actors, namely the acclaimed & highly-lauded actress, Faye Dunaway, who kept 5D as her long-time NYC pied-a-terre. This prime location, just West of the East River, is conveniently located off the E, M/F, 4/5/6, N/Q/R/W trains. The building offers residents a live-in superintendent, virtual door system, a central laundry room and storage/ bicycle storage in the basement. Pied-a-terre, gifting, live/work and subletting are all allowed. W/D allowed in-unit with alteration agreement and any necessary permitting. Please inquire for additional information. 75% financing is permitted. 1. 5% gross flip tax paid by Seller. Pets welcome with Board Approval
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,469 | $3,653 | $4,654 |
Total Monthly Payment | $3,561 | $3,745 | $4,746 |
* 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.