Nestled gracefully along the esteemed 50 Central Park West, this magnificent one-of-a-kind palatial retreat stands as an embodiment of unrivaled luxury living in the infamous Prasada: a landmark residence. Crafted under the discerning eye of the renowned Jean-Louis Deniot, this exceptional two-story maisonette unveils an original and unparalleled design, exuding timeless elegance. Access the residence both via a private entrance on the park and a doorman-operated elevator. As one steps into the grandeur of the entry level, the living room unveils soaring 18-foot ceilings, with an ambiance of opulence and spaciousness, offering a stately marble fireplace topped with magnificent antique 18-foot mirrors from Paris. Expansive new magnificent arched windows frame captivating vistas of Central Park, seamlessly blending the verdant allure of the outdoors with the natural, bursting sunlight indoors. Every detail has been fastidiously curated, with custom millwork—imported from the finest ateliers of Paris—adorning paneling, doors, and cabinets, and coves, while ornate lighting fixtures also from Paris, sumptuous wallpapers, and gracefully designed stair railings further enrich the ambiance. Strategically positioned mirrors throughout the salon level magnify the sense of spaciousness and luminosity. The kitchen emerges as a chef’s sanctuary, embellished with the finest stone countertops, seamlessly fusing functionality with aesthetic appeal. For connoisseurs of culinary excellence, the gourmet French LaCanche range, boasting three ovens, sourced directly from Paris, takes center stage alongside integrated Miele coffee machines, ice makers, wine coolers, and other top-tier Sub-Zero and Miele appliances. Adjacent to the kitchen, a Jean-Louis-designed, hand-carved bar and bartender’s station stands ready to cater to the whims of discerning hosts before leading you into the spacious family room to watch your favorite football game and entertain guests. Ascending to the second level, one is in awe of the magnificent foliage and greenery from Central Park bursting through the fabulous new double-paned windows in every room. The palatial primary bedroom suite unfolds to reveal a library and sitting room, an office, two fireplaces, custom dressing area, and an expansive en-suite bathroom adorned with opulent marble, a built-in vanity, and a generous bath featuring double sinks and a separate grand rainfall shower. Additionally, the second floor encompasses three additional bedrooms, one being a full guest suite, a nursery, three custom-designed full marble bathrooms, and a laundry room complete with washer/dryer. There is an upstairs wet bar complete with hand-painted glass cabinetry and a Miele coffee maker. Originally erected in 1907, 50 Central Park West stands as an epitome of distinguished white-glove service cooperatives. Recently rejuvenated with a resplendent new lobby, elevators, and hallways, The Prasada offers a cadre of amenities, including full-time doormen, elevator operators, a resident manager, private storage facilities, a bicycle room, and a well-appointed gymnasium, with plans underway for a new fitness center. Pets, pieds-à-terre, and trust purchases are all welcomed with board approval. 2% flip tax paid by the Buyer.
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Our Executive Mortgage Banker:
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$20,000,000
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 | $16,000,000 | $16,000,000 | $16,000,000 |
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 | $90,846 | $99,819 | $133,939 |
Total Monthly Payment | $90,971 | $99,944 | $134,064 |
* 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.