Description:
This very elegant prewar 7-room apartment has 3 bedrooms plus a staff room, and 4 full bathrooms. An entrance gallery opens to a south facing living room with wood burning creating a 28-foot expanse. The living room and two of the four bedrooms face south overlooking tree-lined 85th street. The ceilings are 9'-1". The unit has a 21' eat-in kitchen and 19' master bedroom.
Building Notes: This prewar 9-story, 43-unit has full services including a fitness center, landscaped garden, large storage bins, a laundry room, and mail delivered to the door. The excellent staff includes full time doormen, a handyman, porter and resident manager. There is a garage next door at 35 E. 85th Street. 50% financing is permitted as are pets and pied-a-terres; trust ownership has been allowed on a case-by-case basis. Washer and dryers are allowed.
A monthly assessment of $703. 76 ends in December 2024, and is designated for a new lobby that is currently under construction, an electrical upgrade and a recent sidewalk replacement. The lobby was designed by Phillip Gorrivan. https: //www. philipgorrivan. com/
The Most Desirable Area: The building is 1. 5 blocks from Central Park and access to the 1. 6 mile track surrounding the Jacqueline Kennedy Onassis reservoir. It is around the corner from The Met Museum, Guggenheim and Neu museums. Butterfield Market and Pain Quotidien are a half block away. Fairway and Whole Foods are on 86th and 87th Streets. The major subway line is at 86th and Lexington; the Q Train at 86th and 2nd avenue is a 12-minute ride to Broadway. A crosstown bus is at 86th Street.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,975,000
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 | $2,380,000 | $2,380,000 | $2,380,000 |
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 | $13,513 | $14,848 | $19,923 |
Total Monthly Payment | $13,638 | $14,973 | $20,048 |
* 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.