Elegant and filled with beautiful natural light, this high floor corner residence is located at 16 Sutton Place, one of New York City's most coveted, idyllic, tree-lined streets. This 2 bedroom / 2 bathroom home offers a gracious layout, with an open dining and living room that is bright and airy with a loft-like feel. The windowed kitchen has an abundance of storage and ample pantry and counter space for all of your culinary and entertaining needs. A bonus feature is a cozy breakfast bar for two. The two spacious east-facing bedrooms enjoy breathtaking views of the East River and the iconic Queensboro Bridge. You will be pleasantly surprised by the incredible amount of outfitted closet space. And if you happen to need more, the apartment includes additional private storage in the basement. For all your laundering needs, a washer / dryer is located in the unit for your convenience. 16 Sutton Place is a luxurious, well-served cooperative with full-time doormen, resident manager, fitness center, bike storage, laundry room, contemporary lobby and garden. Pets and pieds-Ã -terre allowed. 50% financing permitted. The building is perfectly situated within close proximity to shopping, dining, wonderful parks, and transportation, including easy access to the FDR and Queensboro Bridge. All this one block from the river and directly opposite the historic Sutton Place townhouses, including the former homes of architect I. M. Pei and the original pioneers of the enclave, Elisabeth Marbury, Anne Vanderbilt, and Anne Morgan, who donated hers to the UN as the official residence of the Secretary General. Welcome home!
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$1,290,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $1,032,000 | $1,032,000 | $1,032,000 |
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 | 6.987% | 6.234% | 5.805% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,779 | $6,271 | $8,501 |
Total Monthly Payment | $5,904 | $6,396 | $8,626 |
* 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.