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OVER-SIZED JUNIOR 4 WITH 1. 5 BATHS - Apartment 8K has a spacious 950+/- sq. ft. layout with outstanding light and dazzling water views. A foyer opens into the spacious living room, which boasts an additional alcove perfectly suited for an office, den, guest room or nursery. The living room is lined with oversized windows which peer out to gorgeous views of the East River. Hardwood floors add charm throughout the home, in keeping with the traditional roots of the Sutton Place neighborhood. The five closets allow for both comfort and functionality to fit your lifestyle. 50 Sutton Place South is a white glove full-service luxury cooperative with 24-hour doorman and concierge services, supremely attentive resident manager, an elegant lobby, fitness center, laundry room and garage. The building is primely located close to two riverfront parks with easy access to the East River and FDR, as well as all major transportation, wonderful dining, Whole Foods and Trader Joes. Enjoy relaxing or exercising on the new East River Esplanade, or explore the charm of one of Manhattan’s most quaint neighborhoods. 65% financing is permitted, and a 2% Flip Tax is to be paid by the buyer. This building is pet friendly. Guarantors and pieds-a-terre are permitted. Add your touch to this clean space to make it yours.
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,186 | $3,311 | $4,219 |
Total Monthly Payment | $3,278 | $3,403 | $4,311 |
* 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.