Arguably one of the most important residences on Fifth Avenue, this exceptionally grand and architecturally important 18-room home is being offered for sale for the first time in over 60 years.
It occupies an entire private floor in one of Fifth Avenue's most sought after white glove, limestone-clad cooperatives on the northeast corner of East 63rd Street and Fifth Avenue. The home has 100 feet of frontage facing Central Park, and an impressive enfilade of elegant entertainment rooms spanning over 70 feet along Fifth Avenue. Oversized windows capture beautiful views of Central Park and the Midtown Manhattan skyline.
A private elevator landing opens onto an impressive and stately 45-foot gallery with Parquet de Versailles floors and a wood-burning fireplace. The gallery provides access to all of the entertainment rooms of the home. The grand drawing room, formal dining room and inviting library, all have Parquet de Versailles floors, soaring 12-foot ceilings, extraordinary Louis the XV and XVI marble mantles and outstanding Boiseries that were carefully curated from important private homes in Europe.
The private bedroom suites are situated in the south wing of the residence, and include five full bedrooms, each with an en-suite bathroom, as well as a south facing study that could easily be converted into a sixth bedroom. The generous primary bedroom suite occupies the front south corner of the home, and is flooded with sunlight throughout the day. There are three additional fireplaces in the bedroom wing of the home, one in each of the south-facing bedrooms. Altogether there are six wood burning fireplaces in the apartment.
The north wing of the residence offers over 700 square feet of flexible and expansive kitchen space, and an additional adjacent family room for casual dining. Two double staff bedrooms, one full bath and one half bath, complete this wing of the home.
In addition, and available for sale separately for $2. 5M, there is a guest/staff apartment on the first level of the building. The apartment faces south, east and north. It consists of a living room and three full bedrooms, each having an en-suite bathroom. There is also a fourth bathroom located adjacent to the living room.
820 Fifth Avenue is one of Fifth Avenue's most exclusive addresses. It was built and designed in 1916 by Starrett & Van Vleck in the Neo-Italian Renaissance Palazzo style.
Residents enjoy the highest level of privacy, service and security. There are also a private laundry room, wine cellar, large storage room and file room located in the basement levels of building. There is a 3 percent flip tax payable by the buyer, and renovations are now permitted throughout the year.
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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 | $23,600,000 | $23,600,000 | $23,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $133,998 | $145,309 | $195,977 |
Total Monthly Payment | $134,123 | $145,434 | $196,102 |
* 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.