SUTTON PLACE GEM
This sprawling 2 bedroom, 2 bath home with formal dining room will please those who appreciate a grand, classic and well-appointed home. Perched up high on the 8th floor, one will delight in the gracious layout. The original Classic 6 configuration has been modernized to eliminate the servant's room and bath to create a huge kitchen ideal for today's lifestyle, while maintaining all of the original prewar elegance.
The oversized living room can accommodate multiple configurations and features a working wood burning fireplace, original oak floors, high ceilings and three huge picture windows with great light and open views over this tranquil and architecturally significant stretch of East 57th Street.
The expanded kitchen is huge (approx. 280 square feet) and perfectly laid-out, featuring massive storage space, two large windows and a spacious windowed breakfast area with seating for 4-6. The hard work of reconfiguring the space has been done, simplifying a kitchen renovation if desired. A washer/dryer can easily be added in the large pantry, too.
The large formal dining room can be converted into a third bedroom while still leaving space for a large dining area ideally situated off the kitchen and living room. The bright and spacious primary bedroom suite offers large closets and an en suite windowed bathroom (which can be expanded into the adjacent closet). The second bedroom is quiet and comfortable. An adjacent windowed bathroom is conveniently accessible to the common areas of the apartment for guest use.
Sutton Place is a peaceful River enclave right in the heart of Manhattan, with the Bridge nearby making for an easy ride to the airport, out east to Long Island or to Connecticut, and walkable to work for those working in Midtown, the United Nations and the medical corridor just north of the Bridge. Quick access to the FDR Drive highway makes for a smooth ber ride downtown or to the Financial District. The location also offers close proximity to shopping at Trader Joes, Whole Food's and Midtown Catch, and excellent dining, such as Mr. Chow's, Morso, Bistro Vendome, Neary's and La Villetta which are all neighborhood favorites. Sutton Place also has a number of serene "pocket parks" and you can enjoy a bike ride or stroll along the new East River Esplanade nearby!
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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 | $1,116,000 | $1,116,000 | $1,116,000 |
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 | $6,424 | $7,054 | $9,417 |
Total Monthly Payment | $6,549 | $7,179 | $9,542 |
* 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.