720 Park Avenue, #PH13A, New York (Upper East Side), NY, 10021 | $15,000,000

Candela Perfection - with a 700 Sq. Ft. Terrace

Ideally situated on a high floor of one of Rosario Candela's most prestigious and sought-after white-glove pre-war cooperatives at the corner of Park Avenue and 70th Street, this exceptional 11 room residence occupies the front south corner of the building, and enjoys a magnificent 700 Sq Ft. terrace with wonderful Manhattan Skyline views . The home has the feel of a penthouse, as it is the first point at which this magnificent building sets back to create large private outdoor terraces for the residents of the coveted upper floors. Light streams in throughout the day through 31 oversized picture windows spanning all four exposures.

A private elevator landing opens into a gracious 24 ft gallery, which leads to an impressive and grand 70 ft expanse of entertainment space. The enormous living room, formal dining room and library all overlook the wonderful large terrace and Park Avenue. The current renovation was impeccably executed by the design team of Aman Meeks, and has been featured in the firm's coffee table book. Great effort was taken to preserve the grandeur and elegance introduced by the original resident, Jesse Isidor Strauss, the philanthropist, bibliophile and founder of Macy's. There are four wood-burning fireplaces, soaring ceilings, and beautiful original detailing.

The renovated oversized chef's eat-it-kitchen and breakfast room are located in the western wing of the home , and capture distant views of Central Park. A large and private staff wing with bedroom, sitting room, bathroom and laundry area is located on the level immediately below the kitchen.

The private and sundrenched south wing of the home features has one of the largest primary bedroom suites on Park Avenue. The suite has annexed the adjacent bedroom to create an enormous marble bathroom, a huge dressing room, and a walk-in closet. Two additional bedrooms with en-suite baths complete this wing of the home.

Residents of the elegant building enjoy the highest level of privacy, security and service. There is a state-of-the-art fitness center as well as a squash court. A 3% building flip tax is payable by the purchaser.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 17
  • Amenities: Fitness Room; Private Storage;
  • Rooms: 11
  • Bedrooms: 3
  • Baths: 4 full / 1 half
  • Year Built: 1928
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Washer/Dryer Hookups: Yes
  • Terrace : Yes
  • Building Access : Attended Elevator
  • Service Level: Full Time Doorman
  • OLR#: RPLU21922713565
  • Days on Market: 416 days
  • Website: https://www.raveis.com
    /prop/RPLU21922713565/720parkavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens Residential Sales LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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720 Park Avenue, #PH13A, New York (Upper East Side), NY, 10021

$15,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $12,000,000 $12,000,000 $12,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $68,135 $74,864 $100,454
Total Monthly Payment $68,260 $74,989 $100,579

* 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.