![]() |
PARK AVENUE TERRACED OASIS
A unique opportunity to design and customize a private haven atop the 14th floor of a distinguished prewar Park Avenue cooperative in Carnegie Hill.
The offering includes two light-filled un-renovated penthouse apartments with versatile layouts and picturesque cityscape views surrounded by a sprawling wrap terrace. The majestic south terrace spans 100 linear feet, the east terrace has approximately 70 feet overlooking Park Avenue, and the west terrace enjoys a view extending to Central Park and the Reservoir.
With south/west exposures, PHA has five rooms radiating off a large gallery that include a living room with fireplace, a conservatory, windowed kitchen, two bedrooms, and two full baths. There is also an outside staff room. PHB is an east-facing, three-room, one-bedroom apartment featuring a 23-foot living room with fireplace. While these apartments are next to each other, they are not contiguous and cannot be joined. The connected outdoor space provides cohesion and offers ease of access between the units, allowing for flexible living options in a very special skyline sanctuary. These units can also be purchased separately.
Designed by renowned architect J. E. R. Carpenter, 1060 Park Avenue is a highly regarded full-service cooperative situated on the northwest corner of 87th Street. Constructed in 1924, this 14-story building has a facade of red brick with a limestone base and an elegant marble lobby. Amenities include a full-time doorman, a live-in Resident Manager, storage facilities, and a bicycle room.
There is a 2. 5% flip tax payable by Purchaser.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $3,160,000 | $3,160,000 | $3,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $18,693 | $19,973 | $27,095 |
Total Monthly Payment | $18,818 | $20,098 | $27,220 |
* 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.