Renovated, renowned, and move-in ready, this Junior Four converted to a two-bedroom is located at 424 East 52nd Street in The Southgate, an Emery Roth luxury pre-war full-service co-op complex located on a cul-de-sac.
Apartment 10F offers a foyer that opens into a large living room accented by a wood-burning fireplace, oversized windows, and beamed ceilings. Rich hardwood floors run throughout the apartment, south exposures fill the home with a light and airy ambiance. The apartment is amazingly quiet yet gets great light from the south facing windows. The large bedroom easily fits in a king size bed, has a walk-in closet and most importantly has double exposures, both east and south, which get significant light. The windowed dining room is converted to a 2nd bedroom /den or a nursery. Renovations to the kitchen have been thoughtfully designed with open shelves, cabinets and marble counters and marble backsplash. There is a small hallway that separates the living room and bedroom. A brand-new windowed bathroom has a marble floor and a marble stall shower. Furthermore, the apartment includes two walk-in closets. Washer/dryer is allowed in the apartment with board approval. Maintenance includes electricity. Pets and pied-à-terre are allowed, as well as 80% financing.
The Southgate complex itself is a hallmark of Manhattan's Beekman neighborhood, offering residents a full suite of amenities including a full-time doorman, a landscaped garden with a children's play area, laundry facilities, storage, and a bicycle room. The policy of allowing pied-à-terre and pets, coupled with the inclusion of electricity in the maintenance fee, speaks to the thoughtful consideration of residents' needs.
424 East 52nd Street is more than just an address; it is a sanctuary amidst the dynamism of Midtown, offering a perfect balance of accessibility to city amenities and the peacefulness of nearby parks, dog runs, and the East River. Built in 1931, The Southgate continues to stand as a beacon of refined living, inviting you to make this mint condition apartment your new home.
As of May 2024, an assessment of $323. 70/Month goes into effect until 2027.
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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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,540 | $3,536 | $4,573 |
Total Monthly Payment | $3,632 | $3,628 | $4,665 |
* 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.