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Welcome home to Residence 5S, a refined “classic seven” apartment perfectly located on a quiet, tree-lined block just off Park Avenue. Sharing the floor with only one other unit, this bright and spacious home features four bedrooms and two-and-a-half bathrooms, with many original and elegant pre-war details. Upon entry, a gracious foyer leads to an inviting central gallery, complete with a spacious coat closet. The sun-filled, south-facing living room has a wood-burning fireplace, custom-built-ins, and a large bay window that allows for an abundance of natural light. Just off the living room, a formal dining room with another bay window offers the perfect setting for both everyday dining and entertaining. At the heart of the home, the oversized kitchen is outfitted with granite countertops, stainless steel appliances, including a vented Jenn Air range hood, ample storage, and charming exposed brick. A side service entrance adds convenience, and a nearby powder room doubles as a laundry space, complete with a stacked washer/dryer. Just beyond, a bright windowed room offers flexibility as a fourth bedroom, home office, or den. The south-facing primary bedroom has generous closet space and a newly renovated en-suite bathroom. Two additional bedrooms are tucked away in a separate wing, sharing a nicely appointed Jack and Jill bathroom. Timeless details include herringbone hardwood floors, original moldings, beamed ceilings, and brand-new radiators. Through-the-wall A/C units provide modern comfort. This pet-friendly, boutique cooperative has a recently renovated lobby, part-time doorman, and live-in superintendent. Amenities include a laundry room, playroom, bike room, and a peaceful courtyard. 106 East 85th Street is ideally located just moments from Central Park, renowned museums, and numerous choices for world-class dining, shopping, and transportation. There is a 1. 5% flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
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 |
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Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,993 | $11,124 | $14,852 |
Total Monthly Payment | $10,118 | $11,249 | $14,977 |
* 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.