Pied-a-terres permitted! Apartment 5D is an expansive and sun-filled two-bedroom, two-bathroom corner home overlooking the beauty of the Park Avenue malls, lush trees, and distinguished architecture of the 'Gold Coast'. The Carnegie Hill location is superb at 86th Street and Park Avenue, only one block from Madison Avenue and two blocks from the beauty, recreation and NYC culture of Central Park and Fifth Avenue's Museum Mile. Gracious and beautifully proportioned, this 5-room Park Avenue home can accommodate entertaining on a grand scale with an open formal expanse spanning 35 feet including a corner living room and formal dining room that can comfortably seat 10 or more, as well as an elegant and huge entry gallery. Four grand picture windows line the formal expanse drawing in exceptional natural light and showcase gorgeous open views overlooking Park Avenue. Hardwood floors, built-ins, and generous closet storage can be found throughout. The current kitchen hosts a laundry washer, and the split bedroom layout provides privacy as well as flexibility, each with en-suite bathrooms and huge walk-in closets.
1040 Park Avenue is an elegant 14-story cooperative built in 1925. Designed in the Georgian style with Art Deco elements by renowned architects, Delano & Aldrich. The building has full-time doormen, concierge, and live-in resident manager. Amenities include a fitness center, laundry room, bicycle storage, and private storage subject to availability.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,795,000
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 | $1,436,000 | $1,436,000 | $1,436,000 |
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 | $7,709 | $8,494 | $11,829 |
Total Monthly Payment | $7,834 | $8,619 | $11,954 |
* 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.