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Picture Windows on the Park
Perfectly positioned on the ninth floor, floating over Central Park and the Onassis Reservoir - Apartment 9A at the historic Orwell House, 257 Central Park West on the south corner of 86th Street, is a truly glorious and rare offering. Graced with one of the most impressive open expanses on CPW - a salon 40 by 24 feet wide, with ten-foot ceilings and enormous picture windows - proportions that, frankly, do not exist in even the grandest buildings on the Park.
The luxury of light, space, and panoramic vistas greet you immediately on arrival. Downtown meets Uptown in what feels like a SoHo loft, were it not for the most iconic views of the city.
Presently two bedrooms, including a double primary suite plus den and eat-in kitchen, and 2. 5 baths, this home easily transforms to a three- or four-bedroom home with three full baths, with ideal separation of public and private space. The open west-facing den, with stunning open city sunset views, may become a vast primary suite with dual exposures and a luxurious full bathroom.
The French-inspired kitchen has a resplendent view onto the Park across the formal dining space - in addition to a bright western exposure - ample room at the chef's table for family dining, generous pantry space, and a Garland six-burner vented restaurant stove with griddle - a kitchen born to nurture lavish meals and entertaining. There is a separate windowed laundry room with full-size vented washer and dryer.
The bedroom wing features two full bathrooms - the primary is a most gracious 14 feet by 28 feet, with sitting room and dual exposures and lovely sunshine thanks to its open western exposure. The second bedroom features a charming home office and en suite windowed bathroom.
Updates include newer HVAC units for year-round comfort, double-glazed tilt-and-turn panoramic picture windows, solid oak flooring, soaring ceilings, and lovely finishes in the kitchen and all bathrooms of fine tilework and top-quality fixtures and finishes. This gorgeous home has been lovingly maintained, and it shows.
257 Central Park West was built in 1906 and features 84 private homes on 13 floors, and offers the comfort and convenience of a full-time doorman and concierge, resident manager, porters and handymen, fitness center, personal storage, bike storage, and one of the most impressive roof decks on the Park. 75% financing is permitted; pets are welcome.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,500,000
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 | $5,200,000 | $5,200,000 | $5,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.435% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $29,934 | $33,296 | $44,586 |
Total Monthly Payment | $30,059 | $33,421 | $44,711 |
* 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.