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Turn-key & Impressive Park Ave Pre-war This glamorous 7 into 5-room apartment offers unparalleled sophistication and style. A grand living room with high ceilings and oversized windows serves as the perfect backdrop for both intimate gatherings and grand entertaining. The proportion of all the rooms and baths are complimented throughout by the oversized windows and fantastic light. Spanning approximately 2, 400SF*, the layout works perfectly for all needs with a handsome powder room located off the private hall, not far from the entry gallery. Whether formal or informal living, the beautifully appointed English cabinetry kitchen is wonderful. The eat-in-kitchen can easily be partitioned to allow for a third bedroom or staff room. The wall space throughout is ideal for artworks of all sizes, the moldings and oak floors lend this impressive home substantial details with quality that set it apart. The primary bedroom is a showstopper, capturing incredible light all day from the east and south with a large four fixture en-suite bathroom and there is an excellent second bedroom. The apartment trades with a deeded private laundry room, and conveys with a generous storage room. 875 Park is a paragon of excellence, offering residents access to a state-of-the-art gym designed for those who demand only the best, cold storage, a live-in superintendent, and a 24 hour staff. *A third party, FloorPlanSource, states the interior gross square footage to be approximately 2, 400SF. Building: -Built in 1912 by architects George and Edward Blum -50 apartments, 12 stories tall -Full-time doorman, live-in superintendent -Renovated gym -Bike Room, Laundry room, Cold storage -Pet friendly, Pied a terre permitted -50% financing permitted -2% flip tax (paid by seller) Apartment: -7 into 5 Rooms, 2 Beds, 3. 5 Bath -Large Gallery and Powder Room -Gasburning fireplace -Renovated Kitchen and Baths -Thru-wall A/Cs throughout -Approximately 2, 400SF*, Ceilings 9'8" -Conveys with a storage unit and a deeded private laundry room -Maint: $8, 912/month
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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 | $2,796,000 | $2,796,000 | $2,796,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,875 | $17,673 | $23,594 |
Total Monthly Payment | $16,000 | $17,798 | $23,719 |
* 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.