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Located on the 16th floor of the prestigious Cannon Point North coop at 25 Sutton Place South is this oversized Two Bedroom, Two Bath home with bright Southern exposure in excellent condition. This elegant home features an enormous Living Room (which has an additional window facing east with river views !) along with a separate Dining Area perfect for meals with friends and family and a windowed galley Kitchen with plenty of counter space for those who love to cook! All these features offering wonderful entertaining space. This South facing home brings in great light and the split Bedroom layout provides privacy . . . . both Bedrooms with generous proportions and fantastic storage.
25 Sutton Place South is a Full Service White Glove Cooperative on a tree lined avenue in a tranquil setting in Midtown East. The building has exceptional amenities: a 24 hour Doorman and Concierge, a newly renovated lobby (just completed!) , an attentive live-in resident Manager, on site Garage, Fitness Center, basement Storage, and Laundry facilities. In addition, there is an enormous common River Garden Terrace with breathtaking views over the East River offering a peaceful retreat year round and a new promenade along the river great for walks and runs! Easy transportation with the Q train and 57th street crosstown bus.
The building allows co-purchase and gifting. No dogs permitted but cats are welcome. There is a 2% flip tax paid by the purchaser. Maintenance includes utilities! Showings permitted Tuesday, Thursday, and Sunday 11 to 1 and 2 to 4.
There is currently an assessment of $1375. 50 until June 30, 2025
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,000
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 | $1,199,200 | $1,199,200 | $1,199,200 |
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 | $6,809 | $7,679 | $10,201 |
Total Monthly Payment | $6,934 | $7,804 | $10,326 |
* 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.