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A rare opportunity to own this stunning 2-bedroom, 1-bathroom (with potential for a 2nd bath—see alternate floor plan) prewar cooperative at the coveted Morgan Studios. This exquisite residence seamlessly blends timeless sophistication with modern comforts, offering double-height ceilings and unmistakable Old World grandeur. The welcoming foyer leads to a magnificent living room that is truly a showstopper. Dramatic 13-foot ceilings, floor-to-ceiling bookshelves custom-designed and built by a boatbuilder/cabinetmaker from Islesboro, Maine, complete with a Hudson rolling ladder, and a handsome wood-burning fireplace, set the stage for elegant entertaining and quiet enjoyment. New windows installed throughout ensure abundant natural light, energy efficiency, and quiet. The primary bedroom enjoys dual exposures and ample storage, including a spacious walk-in closet. The second bedroom, currently used as a den, has the opportunity to create a second bathroom with board approval. Currently, both bedrooms share access to the large windowed bathroom designed with marble tiles, radiant heated floors, and a glass-enclosed step-in shower for a luxurious hotel-like experience. The windowed kitchen is both stylish and functional, featuring white cabinetry and stainless steel appliances. Built in 1928, The Morgan Studios is a distinguished full-service cooperative on a charming tree-lined street in the heart of the Upper East Side. Residents enjoy 24-hour doorman service, a live-in resident manager, a newly renovated lobby, a state-of-the-art gym, a common laundry room, and private storage. 169 East 78th Street is pet friendly and permits: ? Up to 60% financing ? Pieds-à-terre with board approval ? Second bath and/or in-unit washer/dryer with board approval A truly exceptional offering, this special residence offers the elegance of Paris within the vibrant atmosphere of New York. Don’t miss this extraordinary opportunity! 3% flip tax paid by purchaser.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 |
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Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,059 | $8,849 | $11,909 |
Total Monthly Payment | $8,184 | $8,974 | $12,034 |
* 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.