37 West 70th Street is a distinguished 20' wide single family brownstone, rich in well-preserved historic detail, a half block west of Central Park. Imbued with a timeless allure and outfitted with modern amenities, this residence stands as a testament to enduring elegance and impeccable craftsmanship.
Originally built 1891 by Gilbert A. Schellenger, No. 37 has been lovingly maintained as an exemplary model of late 19th century Renaissance Revival architecture. The house was owned by a handful of prominent families, before Perry Ellis, the American fashion designer, purchased the home 1982. Under his direction, the house underwent a thorough and thoughtful restoration that included installing the salvaged Art Deco bathroom fixtures from the fabulous Savoy Hotel in London and adding the remarkable, floor-to-ceiling French doors on the parlor level overlooking 70th street- A detail unique to No. 37. In 1987, it was purchased by Jann & Jane Wenner, the founders of Rolling Stone Magazine. The Wenner family embarked on further renovations, guided by Ward Bennett, who helped bring the home into the 21st century. During their tenure, the UWS - CPW Historic District was approved and the area has been Landmarked since 1990.
Many original elements of this home remain untouched beyond restoration, including much of the wood paneling/ wainscotting, inlaid parquet floors, plantation shutters, and the timeless stained glass skylight above the stairwell. Contemporary upgrades have included updating the electric throughout, installing central air and implementing a modern video alarm system (among others).
Cellar Floor:
Below-grade, a full cellar houses the home's utility/ mechanical room, laundry room with additional refrigerator, cedar closet, storage room and a climate-controlled wine storage room.
Garden Floor:
Level with the front garden, the entrance below the front stoop opens to a sizable vestibule with adjacent street-facing storage. To the south is the first of seven bedrooms, complete with wood burning fireplace and an ensuite bath.
To the rear of the home is a French country-inspired eat-in kitchen, outfitted with a eight burner Viking range, stainless steel Sub-Zero refrigerator, dual sink center island, and a brick wood-burning fireplace. Off the kitchen is a powder room, a convenient butlers pantry and a charming breakfast room with casement windows that open up to the exceedingly private, landscaped backyard.
Parlor Floor:
At stoop-level is a handsome, wood-paneled vestibule with coffered ceiling that introduces visitors to the many original details of this historic home. In the front parlor are the unique floor-to-ceiling french doors of Perry Ellis's vision, complete with Juliet balconies, offering terrific southern light. Through the wet bar and original pocket doors is the rear parlor, spanning the entire 20' width of the house. Each room boasts a fireplace adorned with French limestone mantelpieces, 11'8" ceilings and original inlaid parquet floors. Off the rear parlor is an intimate study, enveloped by floor-to-ceiling French doors that overlook the garden.
Primary Floor:
Above the parlor floor, is the full-floor primary suite. This luxurious retreat comprises a sunlit sitting room overlooking tree-lined 70th street, dual dressing rooms, convenient kitchenette, a generous bedroom with garden views and an opulent ensuite five fixture bathroom salvaged from the Savoy Hotel. Both main rooms span the full-width of the residence and have original inlaid parquet floors, wood-burning fireplaces and 10'6" ceilings. A single-person lift services the garden through primary levels.
4th & 5th Floors:
The fourth floor is laid out with three additional bedrooms (one with a garden-facing terrace) that share another Art Deco full bathroom. The fifth floor comprises the final two bedrooms, a shared bathroom with a sauna, and an additional washer / dryer.
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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 | $10,800,000 | $10,800,000 | $10,800,000 |
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 | $62,171 | $68,263 | $91,137 |
Total Monthly Payment | $62,296 | $68,388 | $91,262 |
* 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.