New York (Midtown East), NY, 10022 | $550,000

Sutton Place Oversized One Bedroom With an Outdoor Space. Welcome home. This great one bedroom apartment has a tremendous layout featuring a spacious foyer, expansive living room with dining room that is easily convertible to a second bedroom or home office, and a large terrace with southern and eastern facing river views. The apartment is facing south, and both the living room and the bedroom have an abundance of natural light. The extra large bedroom can easily fit a king size bed and has a great closet space. A perfect urban oasis. 36 South Place South is a beautiful full service building featuring a renovated lobby, a full time doorman, and a resident manager. In addition, there is a beautiful roof deck, a landscaped meditation garden along with a new gym, a laundry room, private storage available for rent, and a bike storage. The building allows for pied-a-terre. co-purchasing, and parents buying for children on a case by case basis. Washer/dryers are permitted with board approval. The building allows 60% financing. There is a 2% flip tax paid by the buyer. Sorry, no subletting and no dogs permitted unless it is a service dog and with the board approval. Cats are allowed. The building requires new buyers buying in the building to install HVAC units. Sutton Place is a beautiful and peaceful enclave location by the East River. The neighborhood sports iconic views of Midtown and a curious mixture of old, classic New York buildings and new, shimmering high rises. There is a crosstown bus outside the building and the E, M, and 6 trains are a couple of blocks away. Sutton Place is a little village in a big city. Located within short distance to Whole Foods (four blocks), Saks Fifth Ave, Bergdorf Goodman, Bloomingdale’s, and many international restaurants. The seller is offering $10, 000 maintenance credit for one year to a new buyer if a contract is signed by end of this year. The current actual maintenance without the credit is $2, 690.

Features

  • Town: New York
  • Levels: 17
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 0.000000x0.000000
  • Laundry: Building Washer Dryer Install Allowed,Common Area
  • Year Built: 1948
  • Common Charge: $1,978 Monthly
  • Approx Sq. Feet: 0
  • Est. Taxes: $0
  • View: River
  • Pet Policy: Building Cats OK,Cats OK
  • MLS#: COMP-135475923405393
  • Days on Market: 449 days
  • Website: https://www.raveis.com
    /prop/COMP-135475923405393/36suttonplaces_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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NMLS Mortgage Loan Originator ID 1880936

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New York (Midtown East), NY, 10022

$550,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $440,000 $440,000 $440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.490% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.490% 6.654% 5.752%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,781 $2,778 $3,593
Total Monthly Payment $2,873 $2,870 $3,685

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.