Bring your designer/contractor to this highly sought after pre-war, luxury co-op building on a Park Block near museums, galleries and shops at the foot of Carnegie Hill.
A flexible and fabulous layout awaits in this 2 bed, 2 bath corner apartment, with a large entry Foyer/Gallery and formal Dining room, in an elegant lobbied building with a 24 hour doorman, a concierge and attentive staff AND semi-private elevator banks with only 3 units sharing passenger elevator AND freight elevator.
6E has an open-floorplan feel, centered on the Foyer/Gallery. Reconfigured as a split layout, this unique E line splits the Bedrooms by moving the Dining room to the 2nd bedroom and opening up with mirrored french doors to the Foyer/Gallery. The previous large dining room was used as a large corner Library/Den or 2nd Bedroom. The living room is bright and has a stone fireplace mantel and fireplace.
This former designer's home has great touches, with mirrored French Doors and walls heighten the light , original tubs and fixtures and Herringbone Wood Floors in the large rooms.
25 E 86th sits one block from Central Park on the corner of Madison, and has a full run of shops on the Ground Level, like Brooks Brothers, Alice & Olivia, Alex Mills, florists and eyewear stores. Also on adjacent blocks are grocery stores, cafes, and galleries (Neue Galerie). Only a few short blocks away are legendary destinations, such as the Metropolitan Museum of Art, the Guggenheim, Cooper Hewitt and Frick Madison. The current price reflects the work needed, but is also a great value when looking at the location and the prices for similar units in the surrounding buildings.
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The apartment is in 'Estate' condition and is in need of plumbing and electrical updating, but priced accordingly.
Photos with furniture are virtually staged.
Washers and Dryers, pets allowed.
Seller pays Flip Tax
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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 | $1,196,000 | $1,196,000 | $1,196,000 |
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 | $6,885 | $7,560 | $10,093 |
Total Monthly Payment | $7,010 | $7,685 | $10,218 |
* 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.