No. 7 East 88th Street Rare Limestone Mansion / Park Block / 24. 5 ft Wide / High Ceilings / Over 10, 000 sqft (approx. ). Delivered fully vacant, No. 7 East 88th Street is ideal for a single-family mansion restoration. Distinguished by its impressive Beaux-Arts style 24. 5-foot-wide limestone facade, this mansion spans five levels with soaring ceilings over 10ft tall on each level; it features beautiful architectural details, such as elegant dormers and a two-level limestone-clad oriel window with western views of Central Park and Reservoir, welcomed by an original wrought-iron grille perfectly centered between two limestone columns and flanked by two windows that complement its timeless design. No. 7 East 88th Street is among the most desired Carnegie Hill landmarked blocks. It is moments away from Central Park, Fifth Avenue, the Guggenheim Museum, and Madison Avenue shopping and is lined with some of the Upper East Side's finest examples of turn-of-the-century architecture. Built in 1903 by architects James R. Turner and William G. Killian, No. 7 East 88th Street was designed in the Beaux-Arts style as a row of three prominent mansions, each showcasing an impressive and grand scale throughout. This mansion is 24. 5 feet wide and 80 feet deep on a 100-foot-deep lot. The interiors still feature original details, impressive rooms with exceptional scale and proportion, and generous natural light. The mansion is configured as a six-unit residence, including a garden-level triplex, a modernly designed top-level triplex with solarium, and four one-bedroom residences, highlighted with a rooftop terrace and private garden. Each level of this townhouse is serviced by an elevator, a rarity for a house of this period.
Please see the single mansion proposed floorplan by NJ Caine Architecture
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $15,040,000 | $15,040,000 | $15,040,000 |
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 | $85,395 | $93,830 | $125,903 |
Total Monthly Payment | $85,520 | $93,955 | $126,028 |
* 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.