Key to the Park! For the discerning buyer: “Two bedrooms designed into one bedroom” This exquisitely designed apartment has been meticulously restored, having undergone an extensive renovation with no expense spared. Every aspect of the apartment has been addressed with impeccable attention to detail and only the finest quality elements were selected. The entire apartment has new electrical systems, plumbing and noise reducing windows and two-zone central air-conditioning and humidification system. There are many restored period details unique to the building, such as plaster crown moulding from the original design of 1883, fixtures, custom millwork and cabinetry, all having been integrated flawlessly. As you enter a welcoming vestibule, you are led to an almost 30’ living and dining area. The high ceilings and beautiful new solid oak herringbone floors are a perfect backdrop for furniture and art that reflect your aesthetic. A dramatic windowed hall with grand wall sconces and custom millwork lead to a top of the line kitchen with beautiful custom cabinetry, fine appliances, Moroccan tiles and an exquisite ceiling motif. The stove and washer/dryer are vented out. The powder room, wrapped in dramatic and charming wall covering, has a restored and operable 1880’s period fixture, from the original 1883 designs. There is a niche home office located off the hall that is now outfitted with custom cabinetry. An inviting spa-like Moroccan tile bathroom is equipped with radiant heated floors, a shower/tub wet room and a refurbished 1880’s Yale tub and custom commode by Catchpole & Rye. The double sized bedroom suite with beautiful fixtures includes a handsome fireplace (with a moisture vapor flame function) that has the original tiles and mantle. The expansive dressing room has a gold leaf ceiling, custom millwork with fine hardware and numerous closets. There is also a discreetly hidden built-in safe. Residents enjoy a 24-hour doorman, live-in building manager and full staff. There is a package room, private storage, central laundry and bike room. Pied-a-terre ownership is permitted and the building is pet friendly. “The Gramercy” is the city’s first coop and one of New York’s most coveted buildings. It was built in 1883 in Queen Anne style with a grand arched entrance featuring mosaic floor tiles and Lincrusta covered walls. The lobby has beautiful Grueby and Minton mosaic tiles, Tiffany stained glass and the original fireplace, hearth and mantle mirror. Home to many famous people, past and present, it is one of Manhattan's treasures. With this distinguished address, you have access to Gramercy Park, the only private park in Manhattan.
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Our Executive Mortgage Banker:
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$2,350,000
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 | $1,880,000 | $1,880,000 | $1,880,000 |
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 | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,527 | $11,423 | $15,486 |
Total Monthly Payment | $10,652 | $11,548 | $15,611 |
* 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.