Residence PH7A at 306 West 116th Street, presents an unparalleled opportunity to own a full-floor penthouse surrounded by two terraces. This remarkable 3 bedroom, 2. 5 bath residence delivers an expansive and sun-drenched haven in the heart of vibrant South Harlem. Upon entry, an inviting foyer leads to the open living and dining areas, highlighted by floor-to-ceiling windows. The open layout of the kitchen flows seamlessly into the living room space and adjoining terrace which is accessed by double glass doors. The chef’s kitchen features custom cabinetry crafted from Italy, complemented by quartzite countertops and backsplash. Elegant appliances, designed by Cafe Distinct by Design, complete this culinary haven. Off the foyer, down the hall, lies the serene and private south-facing primary bedroom, equipped with a large closet and an ensuite spa-like bathroom with a deep soaking tub, separate glass shower, double sink, and radiant heat flooring. The second terrace is accessed by the primary suite and enjoys south facing views and beautiful light. The second and third bedrooms are also generously proportioned with beautiful exposures that benefit from natural sunlight, as well as large custom closets. There is a powder room and another full bath as well. Other features of this dramatic residence include a private elevator landing with a generous storage closet, a vented washer and dryer, 9-foot ceilings, pristine grey, engineered, scratch-proof floors, oversized floor-to-ceiling windows offering light and views in every room, a multi-climate control HVAC system, allowing for simultaneous heating and cooling in different zones, abundant closet, and storage space all outfitted to maximize storage. The apartment transfers with one large storage cage in the basement. The apartment boasts picturesque views of historic Harlem, Morningside, and Central Park, St. John the Divine, and the George Washington Bridge and is conveniently located near the B, C subway line, M7 and M116 bus stops, endless dining and entertainment venues, two blocks from Morningside Park and 6 blocks from New York’s treasured Central Park. The Morningside building amenities include a virtual doorman, a fully outfitted gym off the lobby, bicycle room, and private storage. Nestled amidst Harlem's Restaurant Row, and terrific shopping, this location is incredible and epitomizes sophisticated urban living.
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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 | $1,320,000 | $1,320,000 | $1,320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,352 | $1,352 | $1,352 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,392 | $8,020 | $10,873 |
Total Monthly Payment | $8,869 | $9,497 | $12,350 |
* 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.