Museum quality home with extraordinary setback terrace. Absolute one of a kind apartment integrates historically significant and undisturbed architecture with the very best 21st century mint renovations. This is an extremely rare offering for one of the most notable apartments in the building.
480 Park Avenue finished construction in 1929, by esteemed architect Emery Roth and developer Sam Minskoff. Apartment 15E, designed by the renowned Duveen Brothers, was the apartment chosen by Mr. Minskoff for his own home.
The corner living room has direct terrace access, offering an outdoor sanctuary of light, greenery and views of the midtown Manhattan skyline all the way to the Hudson River. The wood paneling on the walls is all old growth English pine, imported from a 19th Century Tudor home in Britain by the renowned Duveen Brothers. All stone work is 19th Century Tudor, also imported by the Duveens.
The superb detail and careful care of this apartment is obvious from the moment one enters the lovely entry gallery with demarcated ceiling. Throughout the apartment, some of the beautiful detail to be found include exquisite hardware, stained and Lalique installed glass, and a 1920s Italian carved marble wood burning fireplace.
The kitchen and bathrooms are gorgeously renovated. The two baths in the bedroom wing have each been smartly enlarged. The en suite primary bath features an oversized soaking tub. All 3 bathrooms in the apartment have a window.
The kitchen was redesigned with the service door being more sensibly repositioned. All windows, air conditioning, plumbing and electrical are the very highest quality. This apartment is maintained to the highest of standards and absolutely move-in ready.
Located perfectly at the crossroads of the Upper East Side and Billionaire's Row, this pre-war gem unicorn apartment has exposures to the South, West and North. There are high ceilings, central air-conditioning and all exterior-venting appliances, including washer dryer. This quiet home is accessed from a semi-private landing, with just 2 other apartments on the floor.
480 Park Avenue boasts one of city's grandest lobbies, exquisite roof garden and fitness center. An enormous storage space is provided by the building. Pied-a-terres, pets (case by case) and foreign buyers permitted. Unbeatable Park Avenue location is moments from Central Park, the Plaza Hotel, top restaurants, museums and shopping on Madison and Fifth. Electricity is included in the posted carrying costs. Flip Tax 2% by Buyer.
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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 | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,159 | $21,874 | $29,654 |
Total Monthly Payment | $20,284 | $21,999 | $29,779 |
* 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.