Welcome to 535 Park Avenue, an exquisite pre-war cooperative designed by Herbert Lucas and built in 1909. Nestled in one of Manhattan’s most prestigious neighborhoods between 61st and 62nd Streets, this 15-story building offers an unparalleled level of white glove service.
This expansive residence features a sophisticated layout, currently configured as a two-bedroom plus library, with the potential to easily be restored to a three-bedroom configuration. With 4 bathrooms and a separate laundry room, the home exudes timeless elegance and pre-war charm, featuring original details such as high ceilings, oak hardwood floors, classic moldings, oversized windows and four exposures.
Upon stepping into the semi-private elevator landing, you are greeted by an elegant entrance foyer, leading to a grand gallery. The corner living room is the heart of the home, complete with a wood-burning fireplace and Juliet balcony with expansive western views overlooking Park Avenue. The formal dining room, accessible from both the foyer and kitchen, provides a gracious setting for entertaining.
The spacious primary bedroom features an entire wall of custom closets, a wood-burning fireplace, an en-suite windowed bath, and a dressing room with mirrored vanity. The additional bedrooms also offer en-suite baths, ample closet space, and flexibility for various layouts. The library features another wood burning fireplace and currently has one of the two walk-in closets set up as a thoughtfully designed bar. All rooms are generously proportioned, showcasing the grandeur of pre-war architecture with ceilings reaching up to 10’6”.
This premier residence is an entertainer’s dream, with its classic and gracious layout, four wood-burning fireplaces, and stunning pre-war details. The building itself is impeccably maintained, offering residents access to a newly renovated common terrace on the 15th floor roof, as well as a storage unit and extra laundry in the basement. Its prime location provides proximity to Central Park, Museum Mile, and the upscale boutiques of Madison Avenue, as well as excellent public transportation options.
Experience the timeless sophistication and refined luxury of 535 Park Avenue, where historic charm meets modern convenience in the heart of the Upper East Side.
Max Financing – 40%
Pied A Terres – case by case basis
Flip Tax- 2% payable by the purchaser
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,395,000
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 | $3,516,000 | $3,516,000 | $3,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,240 | $22,224 | $29,670 |
Total Monthly Payment | $20,365 | $22,349 | $29,795 |
* 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.