Exceedingly rare to find in this coveted Gramercy location, this sprawling five bedroom, five and a half bath duplex penthouse is filled with light all day and is offered in mint, turn-key condition, with top-of-the-line finishes throughout. Perfectly located at the center of downtown Manhattan, yet with easy access to midtown and beyond, 57 Irving Place is a boutique full-service condominium with only nine units. With 4, 826 interior square feet, plus three outdoor terraces totaling 528 exterior square feet, this home has the perfect layout for indoor/outdoor living and entertaining. The key-locked elevator opens into a sun-flooded great room, with 100 linear feet of floor-to-ceiling windows facing east and west, framing city and sky views. A dramatic double-height entry hall is sure to impress, with nearly 20’ ceilings and an architecturally impressive floating wood and metal staircase, leading to the bedroom floor above (also serviced by the elevator). With ample space and flexibility for multiple furnishing plans, the great room easily accommodates several seating areas, including a large living room, dining area, den, and a bar/lounge or study. This spectacular entertaining floor features 10’ ceilings, a powder room, an ethanol fireplace, and wide plank wood floors. An east-facing set-back terrace spans the full 50-foot width of the great room, and has space for lounge seating and a dining area, as well as a built-in Viking grill. A smaller landscaped terrace off of the west side of the great room enjoys views of Union Square Park. At the southeast corner of the great room is the sleek chef’s kitchen, featuring stainless steel appliances, including a Gaggenau refrigerator, a 48” Thermador cooktop, double Gaggenau ovens, double Miele dishwashers, a Viking wine refrigerator, as well as extensive custom cabinetry including two pantry pull-outs and an enclosed coffee station/appliance garage. The massive island provides plenty of counter space for meal prep, as well as counter-seating for six. Ideally located off of the kitchen is a vestibule with a private rubbish chute. Completing the lower level is the fifth bedroom, with its en-suite bath, currently used as a library/study but also perfect as a guest or staff suite. The elegant central staircase leads to the private wing, home to 4 en-suite bedrooms. The corner primary suite features a huge bedchamber with venetian plaster walls and a bleached oak wood-paneled ceiling, two spacious walk-in closets with extensive custom-fitted cabinetry, and a landscaped corner terrace looking west to Union Square. The luxurious en-suite bath is flooded with natural light from the large sliding glass wall opening onto the private terrace, and features a walk-in double rain-head shower, a freestanding soaking tub, as well as a marble and teak-clad steam room, and a double sink vanity with extensive storage. Down the hall are three additional bedrooms, each with en-suite baths as well as a generous laundry room. This beautiful home also features central air conditioning with 8 zones and fully automated audio/video, lighting, and window shades controlled through a Crestron Home Automation system. Two private storage units transfer with the apartment. The larger of the two includes a custom built cedar closet. Furnishings are available for purchase by separate agreement. Designed by renowned modernist architect Audrey Matlock and completed in 2012, 57 Irving Place is a full service condominium. Amenities include a full time doorman, cold storage, and a backyard garden. Just south of Gramercy Park, 1 block from Union Square and its renowned Farmers Market, and just minutes from Whole Foods, Trader Joe’s, and the many world-class restaurants of the Gramercy, Flatiron, and Greenwich Village neighborhoods, it is an unrivaled location for easy access to all of Manhattan. This is a rare and very special property.
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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 | $15,960,000 | $15,960,000 | $15,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $12,160 | $12,160 | $12,160 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $93,138 | $102,194 | $135,760 |
Total Monthly Payment | $105,423 | $114,479 | $148,045 |
* 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.