This spacious 14th floor, split 2-bedroom, 2-bathroom apartment with an oversized balcony in a full-service luxury co-op on the Upper East Side offers flexible living space and significant potential to become your ideal home. The large dining alcove adjacent to the living room can easily be converted into a third bedroom if desired. Meticulously maintained by its longtime owner, the apartment provides an excellent opportunity for customization to suit your personal taste.
The bright, high-floor unit boasts lovely open north-facing city views, which can be enjoyed from inside or while sipping a cocktail on the outdoor balcony. Additional highlights include a well-designed kitchen, ample closet space (lots of big closets!), including two walk-in closets in the primary suite. Washer/dryer installation is permitted with board approval, and one pet is allowed, also subject to board approval.
Built in 1962 and converted to a cooperative in 1984, 420 East 72nd Street is a 19-story postwar building with strong financials. The building features a 24-hour doorman and concierge, an elegant lobby, newly renovated hallways, central laundry, and an on-site parking garage. This prime location offers easy access to shopping, dining, markets, the FDR Drive, and nearby hospitals along York Avenue.
Flip tax of 1. 5 percent paid by b.
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$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
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 | $5,561 | $6,128 | $8,534 |
Total Monthly Payment | $5,686 | $6,253 | $8,659 |
* 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.