Modern Luxury in a Prewar Park Avenue Condominium!
This grand and gorgeous 4 bedroom, 3 bathroom home overlooking Park Avenue seamlessly combines the elegance of a pre-war building on Park with a modern aesthetic. Four large rooms facing onto Park Avenue is truly special and there is even a view of the Empire State Building!
Occupying the whole front of the 10th floor with only 2 units per floor, this home welcomes you via a formal foyer into an enormous West facing living room/formal dining room overlooking tree-lined lower Park Avenue. This fabulous entertaining space is complete with stunning coffered ceilings and a sleek and sophisticated black granite wood-burning fireplace. Oversized windows perfectly compliment the natural light and views.
Flowing from the living space is a fantastic windowed chef's eat-in kitchen, equipped with Gaggenau appliances, a separate wine fridge, and ample storage with several pantries and lots of counter and cabinet space.
The primary bedroom suite, nestled on the Northern side of the apartment, offers Park Avenue views, a lavish en-suite bathroom featuring a rain shower and tub, and walk-in closet. Another spacious bedroom with a generous walk-in closet and a large bathroom complete this wing.
On the opposite side of the home are two versatile rooms, providing flexibility for additional bedrooms, a den, or a formal dining room. Adjacent is a conveniently located bathroom servicing both rooms and guests.
Other spectacular features of this home include sweeping approximately 10-foot ceilings, 6-inch smoked European herringbone oak floors, gorgeous pre-war detailing and crown moldings, thru-wall air conditioning, and a full sized LG washer and dryer.
Originally designed in 1924 by esteemed architects Walker and Gillette, 71 Park Avenue is a charming prewar boutique condominium with 43 residences. Amenities include a full-time doorman, live-in resident manager, bike storage, and a separate laundry room. The location is ideal: close proximity to Grand Central Station, a plethora of Michelin Star restaurants, the Design District, Bryant Park, Trader Joe's, Whole Foods, and many major companies and subway lines.
Please note there is a capital assessment of $1, 759. 03 per month set to expire December 31, 2024.
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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 | $3,560,000 | $3,560,000 | $3,560,000 |
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 | $20,493 | $22,502 | $30,041 |
Total Monthly Payment | $20,618 | $22,627 | $30,166 |
* 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.