Indulge in the epitome of luxurious living at the majestic Essex House, boasting an unparalleled view of Central Park that is forever protected. Built in 1929 during the pinnacle of Art Deco in New York City, this iconic landmark is the perfect home, pied-a-tierre or investment opportunity with month-to-month rentals allowed. With 50 feet of protected unobstructed Central Park frontage just a few floors above the tree lines, providing unobstructed views across the entire park this impeccable, 3 bedroom 3 bathroom, home spans across 2350 sqft. The great room, spanning 30 feet wide, is adorned with enormous picture windows that fill the space with light and scenic views from every angle. The area can be easily divided into a dining and living room, showcasing a stunning hand-carved custom mantle and bookshelf over the living room fireplace. The gourmet, chef-designed eat-in kitchen also faces the park and includes a remarkable window seat and table at the end of a long stone counter kitchen with custom cabinetry and top-of-the-line appliances, including Subzero. Additionally, the kitchen is equipped with a pantry and a laundry closet with a slop sink, as well as a separate staff entrance. The regal entrance galley features a custom library/sitting area in front of an enormous primary suite that has its own gas fireplace set in a custom mantelpiece. The bedroom has two oversized walk-in closets and a stunning en-suite marble bathroom. The final bedroom is another vast space with a walk-in closet and beautifully detailed windowed en-suite bath. Additionally, there is a third full marble bath, and every inch of the home is decked out in beautiful wide hardwood floors, wrapped in wainscoting. Both bedrooms have large south facing windows that flood the rooms with all day sunlight. The third bedroom, currently used as a beautifully hand-carved wood-paneled office, highlights another park-facing picture window. The Essex House has a rich history, becoming the first condo hotel tower in NYC in 1974. You will have all the convenience of hotel living with all the benefits of home ownership. The property features a stunning lobby, gym, spa, lounge, ballrooms, restaurants, 24-hour room service, and concierge. Electricity, water, & HVAC maintenance is all included in your monthlies. One of the most unique features of ownership at the Essex House is the freedom to rent on a short-term furnished basis down to one-month terms.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $4,000,000 | $4,000,000 | $4,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,662 | $25,283 | $34,297 |
Total Monthly Payment | $23,787 | $25,408 | $34,422 |
* 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.