An incredible value, this spacious, elegant two bedroom (convertible 3 BR) pre-war residence is nestled within one of Sutton Place's finest luxury buildings. This residence offers approximately 1, 800 square feet of living space that is graciously laid out for comfort, convenience and entertainment.
Discover a bright and spacious interior adorned with high, beamed ceilings, hardwood floors, classic finishes and a decorative fireplace. A welcoming foyer leads to a generously proportioned living room with oversized, south-facing, casement windows. The formal dining room (or potential third bedroom) is perfect for hosting large dinner parties and leads to a windowed eat-in kitchen with abundant cabinet space, a wet bar and a washer/dryer. There is a master bedroom with en suite, windowed bath, a second bedroom with a custom closet, a second full, windowed bath and plenty of closets throughout.
325 East 57th Street is a boutique, full-service cooperative built in 1929 with 62 residences in total and only four apartments per floor. Conveniences include a 24-hour doorman, an attentive, live-in resident manager and a central laundry room. The residences are ideally situated near quality public schools, Central Park as well as the recently completed East River Esplanade, a 1. 8-acre public promenade along the East River waterfront in Manhattan. The neighborhood boasts fabulous restaurants including Mr. Chow's (across the street) and endless shopping options including Whole Foods, Trader Joe's and Bloomingdales. Easy access to FDR, Queensboro Bridge as well as multiple public transportation options (including the 4, 5, 6, N, R and E subway lines) can easily take you anywhere.
The building is non-smoking, welcomes pets and Pied-a-terre with board approval. The apartment includes a large storage unit. 70% financing is permitted, and there is a 2% flip tax paid by the Seller. Showing by appointment.
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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 | $840,000 | $840,000 | $840,000 |
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 | $4,509 | $4,969 | $6,919 |
Total Monthly Payment | $4,634 | $5,094 | $7,044 |
* 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.