The epitome of contemporary Park Avenue style awaits in this exquisitely renovated one-bedroom, one-bathroom residence featuring flawless interiors and premium finishes in a revered full-service Lenox Hill condominium at the corner of Park and 59th Street. Impeccably reimagined by Project by Vanessa Lessa, this exceptional high-floor home impresses with tall tray ceilings that rise over wide-plank oak floors and expansive art walls trimmed with elegant picture-frame molding. Oversized windows with motorized blackout and silhouette shades, recessed lighting and designer fixtures add the perfect illumination throughout. From the custom radiator covers to the Baldwin hardware door handles, every stunning detail has been thoughtfully planned and carefully curated. Enjoy lively entertaining or serene relaxation in the spacious living room and plan your next dinner party under a lovely Lasvit lamp in the dining area. In the beautifully designed kitchen, bespoke floor-to-ceiling oak cabinetry and paneling by Interior Design Company and an Antico Scuro marble countertop are joined by seamlessly integrated upscale appliances, including a Miele cooktop and refrigerator, Bertazzoni oven, Fisher & Paykel dishwasher and GE microwave. Discover a generous footprint for a king-size bed and an office or fitness space inside the tranquil bedroom suite. The expansive California Closet tames even the largest wardrobes with custom shelving and double hanging rods. The en suite bathroom soothes with a frameless glass shower with two rain shower heads, a roomy vanity and a two-stage commode, all surrounded by beautiful Carrara marble and high-end Zucchetti and Duravit fixtures. Two large entry closets complete this work-of-art residence. Once home to the famed Hotel Delmonico, 502 Park Avenue is a handsome prewar building transformed into a five-star luxury condominium in 2004. Residents enjoy 24-hour doorman and concierge service, live-in resident management and a range of hotel services, including valet parking, housekeeping and laundry. A grand paneled marble lobby, state-of-the-art fitness center, laundry facilities and bike room round out the luxurious offerings. From this ideal Lenox Hill location where Midtown meets Uptown, you're surrounded by the exciting entertainment, shopping and dining that make New York City one of the world's most coveted destinations. Spend the afternoon in Central Park or perusing the luxury offerings at Bloomingdales, Bergdorf Goodman and myriad Madison Avenue boutiques. Michelin-starred dining, famed cocktail bars and museums fill the local blocks with Whole Foods, Trader Joe's, the Theater District, Lincoln Center and the U. N. all within reach. Transportation is effortless thanks to N/R/Q/W, 4/5/6, E and F/M trains, excellent bus service, CitiBikes, the FDR and the 59th Street Bridge nearby.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $705 | $705 | $705 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,507 | $9,197 | $12,196 |
Total Monthly Payment | $9,337 | $10,027 | $13,026 |
* 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.