This spacious and sun-filled Pre-war two bedroom apartment is situated on a charming tree-lined street in Carnegie Hill, just steps from Lexington Avenue and close to Central Park.
Spacious and lovely, the home features a beautifully designed sunken living/dining room, two generously sized bedrooms, two fully renovated bathrooms, and a large, windowed eat-in kitchen.
Upon entering through the large foyer, which can also serve as a dining area, you're welcomed by an elegant living room bathed in southern light, offering scenic treetop views through expansive windows.
The bedroom wing, accessible from the entry foyer, includes a spacious south-facing master bedroom with an en-suite bathroom for added privacy and comfort. The updated eat-in-kitchen offers plenty of space, natural light, and an ample dining area.
This apartment is highlighted by its high ceilings, beautiful hardwood floors, great storage space, and charming pre-war details.
161 East 88th Street is a well maintained elevator co-op and exudes wonderful Art Deco Pre-war details. Amenities include a live-in superintendent, central laundry, storage, and a bike room. Wonderfully located half a block from Whole Foods, two blocks from the 4, 5 and 6 train, three blocks from the Q train, four blocks from the 92nd Street Y, near Central Park, top health clubs, and the best shopping and dining in Carnegie Hill.
75% financing is allowed. There are two assessments currently in place. A reserve assessment of $143. 08/ month and Local Law 11 assessment of $220. 80 a month ending on 08/31/2025
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William Raveis Real Estate
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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 | $876,000 | $876,000 | $876,000 |
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 | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,905 | $5,323 | $7,216 |
Total Monthly Payment | $5,030 | $5,448 | $7,341 |
* 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.