*Lease Subject to Board Approval* Charming and Historic 1 Bedroom with Private Balcony at Ritz Tower Perched on the 26th floor of the legendary Ritz Tower, step into this sunny 1 bedroom with its own private balcony at Emery Roth and Thomas Hastings’ iconic Ritz Tower. Upon entering Residence 26C, you are greeted by a foyer which leads to the kitchenette. The kitchenette features a GE refrigerator, freezer, dishwasher and microwave as well as a Summit stove and oven. To the right of the foyer is the living room with three east-facing windows, herringbone floors, and a dining alcove leading to a small private balcony, large enough to accommodate two chairs and a small side table. The balcony embodies the 1920s during which the tower was built, with regal balustrades and ornately carved pillars - the perfect perch from which to view Midtown Manhattan. The bedroom is located just off the living room, with open city views from two north facing windows and a large walk-in closet as well as an en-suite bathroom with marble counters and a large, north-facing window. There is also a generous-sized closet to the left of the bedroom entry. Constructed in 1925, this elegant limestone-clad pre-war cooperative was designed by Emery Roth and Thomas Hastings. At the time, this 41-story tower was the first tallest residential building in the city. New York City’s apartment building height regulations applied to apartments with individual kitchens, which the Ritz did not offer. This meant that the Tower could be built much higher than any of its contemporary residential buildings. The Ritz is considered to be a strong symbol of a transition in American architecture, with Hastings and Roth incorporating a strong classical style into a building of ground-breaking height and size. According to Robert A. M. Stern, Gregory Gilmartin and Thomas Mellins, the Ritz Tower “was intended from the beginning to be the apogee of urban living. ” Situated on the northeast corner at 57th Street, this landmarked building offers unrivaled five-star white-glove service, daily maid service, a full time doorman, concierge, valet service, a newly renovated fitness center, conference/party room, and live-in superintendent. Owners are welcome to lunch and dinner served in their private home prepared by the Ritz Tower’s exclusive Chef, available 5 days a week. The Ritz Tower is located in close proximity to Central Park, Madison Avenue boutique shops, Bloomingdales and many of New York City’s fine dining restaurants such as The Polo Bar, Avra Madison Estiatorio and Daniel.
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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 | $12,000 | $12,000 | $12,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $80 | $80 | $101 |
Total Monthly Payment | $155 | $155 | $176 |
* 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.