New York (Midtown East), NY, 10022 | $2,200,000

Prime Park Avenue offering in top prewar white-glove coop.

Sophisticated 2 bedroom, 2. 5 bath residence featuring oversized rooms, 10' ceilings, grand room scale, and excellent flow. The home consists of a beautifully proportioned, sun-filled South facing living room w/ wood burning fireplace and original mantel; luxurious primary bedroom suite with generous dressing room, walk-in & cedar closets and updated, windowed en-suite stone bath; a large 2nd bedroom/library complete with built-ins and en-suite bath. The generous entrance gallery/dining room gives flexibility and graceful entry. A delightful newly renovated, windowed kitchen with pantry, bar and laundry room with vented WD, and half bath complete the residence. The E line apartment offers superb scale, commanding nearly 2, 000 square feet with 10' ceilings throughout. Multiple generous closets and classic prewar details throughout.

480 Park Avenue is a premier cooperative residence designed by Emery Roth and is known for having one of the grandest lobbies in NYC. The building offers its residents the highest level of service including 24- hour doorman, concierge service, resident manager, fitness room, and landscaped roof deck. Pied a terre buyers are welcome and pets are considered on a case by case basis. Max 50% financing allowed. 2% flip tax, by purchaser. Storage space is available through the building at no additional cost. Electricity is included in the low monthly maintenance charge.

No weekend or evening showings.

Features

  • Town: New York
  • Cooling: Wall Unit(s)
  • Levels: 20
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Building Other,Washer Hookup,In Unit
  • Complex: 480 PARK AVE. CORP.
  • Year Built: 1929
  • Common Charge: $4,659 Monthly
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RPLU-5123206929
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/RPLU-5123206929/480parkavenue_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate   Phone: (212) 891-7000

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

New York (Midtown East), NY, 10022

$2,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $1,760,000 $1,760,000 $1,760,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.003% 6.234% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,719 $10,694 $14,498
Total Monthly Payment $9,844 $10,819 $14,623

* 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.