Immerse yourself in the timeless elegance of Old World Europe while enjoying breathtaking panoramic views of Central Park and the iconic New York City skyline. This sun-drenched 3-bedroom, 3. 5-bathroom apartment blends classic pre-war charm with luxurious modern comforts, featuring original hardwood floors, Venetian plaster walls, charming built-ins, and wainscoting. The space is further enhanced by prominent crown molding and expansive windows that flood the interiors with natural light from every direction. Upon entering, you are greeted by a warm mahogany foyer that leads to a grand marble gallery adorned with elegant Ionic columns and a hand-carved oval dome ceiling, complete with a convenient powder room. The formal living room, filled with abundant light, offers stunning views of Central Park, while the adjacent dining room/library boasts meticulously hand-painted coffered ceilings, adding a touch of artistry to your gatherings. The generously sized primary suite features a bay window that perfectly frames the park's vistas and an en-suite bathroom adorned with marble finishes. The second bedroom is equally impressive, offering its own walk-in closet and en-suite bathroom for added privacy. A walk-through pantry/wet bar leads to a windowed galley-style kitchen equipped with marble countertops, bespoke cabinetry, and top-of-the-line stainless steel appliances. Adjacent to the pantry is an en-suite staff room or guest suite with eastern exposure. For your convenience, this property includes an exclusive staff suite on the second floor and a spacious storage bin—a unique feature not enjoyed by all shareholders. Located on Central Park, 875 Fifth Avenue is a luxurious full-service co-op offering 24/7 doorman and concierge services, a live-in building manager, a fully-equipped gym, a tranquil garden, and additional amenities such as bicycle storage, laundry facilities, and multipurpose rooms. Upscale dining, luxury shopping, and cultural attractions like the Central Park Zoo, the Frick Collection, and the Met are just moments away. Please note, pets are not permitted. *There is an ongoing assessment of $520. 83 per month. The buyer is responsible for a 4% flip tax.
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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 | $6,280,000 | $6,280,000 | $6,280,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,166 | $38,158 | $51,730 |
Total Monthly Payment | $35,291 | $38,283 | $51,855 |
* 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.