A Singular Fifth Avenue Duplex Penthouse
Sitting directly across the street from The Metropolitan Museum of Art and perched atop an exclusive 12-unit, pre-war condominium at 988 Fifth Avenue, this perfectly appointed Penthouse Residence welcomes its next guest with warmly curated interiors and unrivaled private outdoor space over two grand-scale, landscaped terraces.
Offering 3 bedrooms and 3. 5 bathrooms, the Penthouse features floor-to-ceiling windows with sliding doors throughout for a wonderful interplay of indoor/outdoor living. Exposures to the North, West and South feature panoramic views of Central Park, including the Jacqueline Onassis Reservoir, Billionaire's Row, and many more landmarks of the City's iconic skyline.
With direct elevator entry into the main level's generous entrance foyer, you are first met with an oversized and bright corner living room that is further elevated by sumptuous furniture and a double-sided fireplace. A custom-designed, stainless steel chef's kitchen (complete with a substantial skylight), as well as a lovely formal dining room-all with direct access onto the terrace-make for perfect entertaining. Completing this floor are two primary-sized bedrooms with ensuite bathrooms. The larger of the two slumbers features a palatial five-fixture bathroom with a deep soaking tub, a built-in office niche, and a private dressing room that also includes a spiral staircase up to a private sitting area, gym, windowed sauna/spa with an Eastern view, and direct access to the upper terrace. The secondary bedroom suite features a bright and airy ensuite bathroom that includes a deluxe marble shower, two windows, and another large skylight.
A beautiful staircase off the dining area leads you to the upper floor where the third guest room and a third full bathroom-replete with more windows, views, and skylights-invites you onto a bonus wrap terrace that includes an outdoor gym, covered pergola, wet bar, multiple seating areas, and three separate private outdoor showers.
This exceptionally rare white-glove, pre-war condominium provides all the amenities of a 5-Star hotel and yet the privacy of your own home. Services include daily housekeeping Monday through Friday, with laundry and ironing if desired, weekly fresh flowers provided and installed by a renowned local florist, satellite TV, WiFi, and a gardener to maintain the outdoor spaces and landscaping. The Penthouse has its own AC and water systems, and the building also has an emergency generator.
Located in the heart of the Upper East Side and convenient to everything iconic about New York City, this neighborhood is unmatched with its access to luxury shopping along Madison Avenue, world-class art galleries and museums, and award-winning restaurants and caf s. Take in some live music at Caf Carlyle's cabaret, a cocktail at Bemelman's Bar, or a daily visit across the street in your own Central Park backyard.
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William Raveis Real Estate
Phone: 888.699.8876
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $72,000 | $72,000 | $72,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $455 | $455 | $588 |
Total Monthly Payment | $530 | $530 | $663 |
* 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.