7 East 88th Street, #TH, New York (Carnegie Hill), NY, 10128 | $18,800,000

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

Features

  • Town: New York
  • Amenities: Garden; Laundry Room; Roof Deck;
  • Rooms: 19
  • Bedrooms: 6
  • Baths: 5 full / 1 half
  • Year Built: 1903
  • Cooling: Unknown Type
  • Pet Policy: Pets Allowed
  • Building Access : Elevator
  • Service Level: Voice Intercom
  • Built Size: 24'5"x80'
  • OLR#: RPLU33422971574
  • Days on Market: 202 days
  • Website: https://www.raveis.com
    /prop/RPLU33422971574/7east88thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

7 East 88th Street, #TH, New York (Carnegie Hill), NY, 10128

$18,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $15,040,000 $15,040,000 $15,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $86,579 $95,063 $126,916
Total Monthly Payment $86,704 $95,188 $127,041

* 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.