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Great 3 Bedroom in the famed Musician's Building by Central Park!
This charming duplex 3 bedroom, 2 bath home boasts a modern feel, with sleek Poggenpohl kitchen, light plank flooring, glass tile bathrooms, and custom staircase. Wonderful prewar touches still show through in the soaring ceilings, woodburning fireplaces, as well as the immense living room and primary bedroom, and all is surrounded by the incredible soundproofing for which the Musician's Building is famous.
The main entertaining level starts off with a lovely windowed Poggenpohl kitchen, featuring Sub Zero refrigerator, Miele appliances, wine fridge, a stainless steel breakfast island, and adjoining laundry cabinet with Washer/Dryer. Just across are stunning custom barn doors that slide to reveal the huge entry closet. It then opens up to the formal dining room and adjoining 21. 10x14. 1 living room, complete with wood-burning fireplace and lovely detail. Both rooms get terrific light facing south towards the city; a full bath upstairs completes this level.
The lower level bedroom floor hosts a massive 20. 6x13. 2 primary bedroom with fireplace, 2 more cozy bedrooms, a full bath, and a bonus hang out zone. Extras include new state of the art ultra-quiet Midea a/cs, additional soundproofing between levels, and 2 massive storage cages in the basement at no extra charge.
And as a unique perk, this building offers top-floor bonus rooms for rent at very low cost, perfect for additional home office space, or storage, or private music room! All this plus an incredible location, ultra low maintenance fees and superb building financials make this the perfect option for those yearning to buy a great yet affordable Central Park area 3 bedroom.
Building Notes:
The Musician's Building is a renowned Upper West Side building on one of the city's most prestigious blocks. Built @ 1917, with 60 apartments on 8 soundproofed floors, this full-service building offers 24 hour doorman, individual storage cages and bike room at no cost, plus the opportunity to rent top floor bonus rooms at very low monthly rent.
Maintenance fees here are notably low; in fact, this building has fantastic financials, enjoying a windfall from the sale of its air rights. Friendly 75% financing is permitted, and the building welcomes pets. Flip tax of 2. 5% by seller.
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$2,195,000
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 | $1,756,000 | $1,756,000 | $1,756,000 |
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 | $9,970 | $11,244 | $14,937 |
Total Monthly Payment | $10,095 | $11,369 | $15,062 |
* 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.