SPRAWLING APARTMENT WITH DREAM ARCHITECTURAL FEATURES.
Designed by world renowned architect Rosario Candela and occupying the entire ninth floor of this white glove, full-service coop. This amazing pre-war approximately 4, 200 square foot, former 14 room apartment, is currently 12 oversized rooms but can easily be restored to its original 5 bedroom and 4 full bath layout. Add to that an expansive living room, formal dining room, wood paneled library, huge eat-in chef sized kitchen and staff room with full bath. This amazing space with some work can be the perfect living and entertainment trophy property that will be transformed with a new kitchen, two new baths and updates to suit your personal taste and needs.
The apartment is distinguished by its gracious flow, beautifully proportioned rooms and 9. 5-foot ceilings. Your private elevator vestibule opens to the grand gallery/foyer leading to the sun splashed south facing public rooms. Off the gallery is the well-proportioned 18' 27' living room featuring two floor-to-ceiling French door windows with Juliette balconies, a wood burning marble fireplace and original herringbone red oak floors. The 12 18 library offers classic original knotty pine paneling, and a large full bath, which can be a wonderful gathering space, media room or the ultimate home office worthy of any CEO. The 22 16 formal dining room accommodates 12+ and leads to a windowed butler's pantry and HUGE kitchen area waiting for your designer. The staff room and full bath behind the kitchen area can easily be added to the kitchen or converted to a laundry room or home office. The primary bedroom has beautiful double south and west exposures, two floor-to-ceiling French door windows with Juliette balconies, full bath, a huge walk-in closet and the bedroom's former working fireplace can be restored to working order. A generous gallery hallway currently leads to 2 bedrooms with generous closet space and a 24 18 family room with a decorative fireplace that can easily be converted back to its original two 12 18 bedrooms to create a 5-6 bedroom, 3-4 full bath home. The possibilities are endless and limited only by yours and your designer's imagination. Coop board APPROVED renovation plans are also available!
447 East 57th Street is a fully staffed white glove co-op building designed by Rosario Candela in 1928. Pet friendly and two dedicated storage units included with the apartment. Sutton Place, NY's Best Kept Secret, offers unparalleled value - a similar home on Park Avenue would be $6MM+. Pied-a-terres and up to 50% financing permitted. Central Air and Washer/Dryers are also permitted.
Sutton Place is a peaceful East River enclave right in the heart of Manhattan, adjacent to the Bridge nearby making for an easy commute out east or Connecticut, and walkable to work for those working in midtown, the United Nations or the medical corridor just north of the Bridge. Easy access to the FDR Drive highway makes for a quick Uber ride to Wall Street. 447 East 57th Street has close proximity to shopping at Whole Foods, Trader Joes (coming soon) and Midtown Catch, and to excellent dining such as Mr. Chow's, Morso and Bistro Vendome, which are neighborhood favorites. Relax in the peacefulness of the cherry blossoms of Sutton Place Park on the corner of East 57th Street. Enjoy a bike ride or jog along the East River promenade or a game of tennis at Sutton Tennis Club. Pet friendly community with a wonderful dog run nearby. The New East River Esplanade entrance on East 54th Street coming soon too. Unparalleled community security, with the UN Security detail on the corner of East 57th Street. Blue Ribbon PS 59.
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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 | $3,000,000 | $3,000,000 | $3,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,799 | $18,472 | $24,912 |
Total Monthly Payment | $16,924 | $18,597 | $25,037 |
* 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.