THE RESIDENCE
WOW! You will fall in love with this spectacular sun-blasted studio with south city views and corner living room, just steps off Central Park. This rare prewar gem perched on the fourteenth floor of the iconic Park Royal has it all: a coveted location, a preeminent full-service landmark building with all the amenities you desire, and an UNBEATABLE LOW MAINTENANCE OF ONLY $913 including electric, heat and water! As soon as you enter this extraordinary gem, you will feel right at home – there is a wonderful renovated open kitchen with dining peninsula and stainless-steel appliances that opens into the large corner living room filled with sun all day. The new luxurious spa-like windowed bathroom has a tremendous trough sink that accommodates two. Exceptional features include high-beamed ceilings, gorgeous hardwood floors, wonderful prewar details, two large closets, and much more. Perfect as a primary residence or pied-a-terre and superior to a hotel room, this exceptional residence is your affordable trophy home by the park.
THE BUILDING
Designed by the renowned architect, George F. Pelham, the Park Royal offers a premier address with Central Park outside your door, in addition to the finest culture, dining, shopping, and transportation. Residents enjoy white-glove service, 24-hour doormen and concierge, a resplendent lobby, New York Sports Club in the building, bicycle room, storage lockers, laundry, Wi-Fi, a sharing library, and a pet friendly environment. Pied-a-terres, co-purchasing, and washer/dryers are acceptable with board approval. You can afford the best -- location, lowest monthly cost, and luxury lifestyle.
THE FEATURES
SPECTACULAR CORNER LIVING ROOM
SUNBLASTED SOUTHERN EXPOSURE
SUPERB OPEN CITY VIEWS
WONDERFUL OPEN KITCHEN WITH DINING PENINSULA
STAINLESS-STEEL APPLIANCES
STUNNING NEW SPA BATHROOM
HIGH-BEAMED CEILINGS
BEAUTIFUL HARDWOOD FLOORS
TWO LARGE CLOSETS
WONDERFUL PREWAR DETAILS
24 HOUR DOORMEN & CONCIERGE
RESPLENDENT LOBBY
PREEMINENT LANDMARK BUILDING
NY SPORTS CLUB IN THE BUILDING
WI-FI
STORAGE LOCKERS
BIKE & LAUNDRY ROOM
CHILDREN'S PLAYROOM
SHARING LIBRBARY
PET FRIENDLY
PIED-A-TERRES OK (WITH BOARD APPROVAL)
CO-PURCHASING & SUBLETTING OK (WITH BOARD APPROVAL)
WASHER/DRYERS OK (WITH BOARD APPROVAL)
PREMIER LOCATION OFF CPW
2% FLIP TAX PAID BY PURCHASER
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,781 | $2,778 | $3,593 |
Total Monthly Payment | $2,873 | $2,870 | $3,685 |
* 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.