Transcendent Park & River views south and west from the sunny rooms of Apt 8D have charmed the locals for centuries. The indigenous Lenape once occupied this promontory overlooking a river they called Muhheakantuck well before Henry Hudson sailed in. And the architect of 340 RSD, the building now standing on the spot, raised it above its peers by providing only grand scale classic 6 and 5 room apartments which are the finest available in their class.
Filled with all day sun, a splendid living room surveys the Hudson, two remarkable mansions and verdant Riverside Park though enormous windows. An impressive formal dining room, convertible to a 3rd bedroom, is adjacent to the living room. The well-designed dine in kitchen, a chef's delight, receives eastern morning light. In a separate wing reside two sizable bedrooms, the primary with an ensuite bath and lovely views like the living room's. The second bedroom watches over a serene, historic skyline to the north. Closets are abundant, ceilings soar and the handsome herring bone floors are composed of elegant white and red oak.
One could move right in if that's the plan.
Built in 1926, 340 RSD has 24-hour doorman service, a live-in resident manager a bike room, bin storage when available and a laundry for its well-tended shareholders. 75% financing and pieds a terre are allowed, pets welcome, and the 3% Flip Tax is paid by the seller. Cutting edge dining, shopping, and transportation options are minutes away. The building anchors a landmark block, one of three in a row, featuring an array of splendid fin de siecle townhouses named the Seven Beauties and perhaps the grandest, stand-alone stately home in Manhattan with its own moat. D. J. Wakin whose recent book details the history of the area writes, "Being there conveyed a sense of arriving. " Both virtually staged and existing images of the apartment are included.
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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 | $1,780,000 | $1,780,000 | $1,780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,555 | $10,529 | $14,662 |
Total Monthly Payment | $9,680 | $10,654 | $14,787 |
* 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.