New to the market - A beautifully renovated and quiet one-bedroom, one-bath home in a full-service Park Avenue pre-war building. The very spacious foyer has a coat closet, and leads to the large living room boasting two exposures: two windows to the west and a large picture window facing north. Original architectural details have been preserved in the herringbone wood flooring and high beamed ceilings, while more recent built-ins blend perfectly in the space. The windowed kitchen has been renovated with custom cabinets, granite countertop, and stainless steel appliances. A separate hall with two large closets leads to the bedroom. This room also features a double exposure with windows facing west and north. The adjacent bathroom has a large stand-up shower and is in mint condition. The home features oversized Tilt-n-Turn windows, through-the-wall AC and lots of closets.
Designed by George F. Pelham and completed in 1940, 50 Park Avenue is an extremely well run co-op with excellent financials. Ideally located on the corner of 38th Street, it neighbors the 19th-century Union League Club and Pierpont Morgan Library & Museum, while Grand Central and Bryant Park are just a few blocks away. There is a full-time doorman and live-in resident manager. Amenities include a beautifully maintained and furnished roof deck with views of the Chrysler and Empire State Buildings, a laundry room, bike room, and storage. 70% financing is allowed, as are pied-a-terre purchases. Pets are welcome.
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Our Executive Mortgage Banker:
Our Insurance Division:
$730,000
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 |
|
---|---|---|---|
Loan Amount | $584,000 | $584,000 | $584,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,691 | $3,836 | $4,889 |
Total Monthly Payment | $3,783 | $3,928 | $4,981 |
* 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.