Luxury Living at the Legendary Sherry Netherland
Discover urban elegance in this exquisite two bedroom apartment at the prestigious Sherry Netherland. Central Park is moments from your front door in a building with great amenities and unsurpassed hotel services.
Open the door to a sweeping entrance gallery that leads in to the open-concept living and elevated dining area that is perfect for entertaining. These rooms feature elegant finishes, hardwood flooring throughout and built-in wet bar. Best of all you are greeted with the iconic views of Fifth Avenue and Central Park through North and East exposures. Right off the dining area is your private terrace which also faces south along the famed Fifth Avenue.
The primary suite is just off the Living Area and offers a serene retreat with an en-suite bathroom complete with a soaking tub, double vanity, and designer fixtures. The apartment also has a second bedroom which is currently configured as a library/office with an additional bathroom.
Built in 1927 the landmarked full-service Sherry Netherland sits at the epicenter of the city, moments from Central Park, upscale restaurants, shopping and other premier attractions. The lifestyle is further elevated by its dramatic lobby featuring a recently restored ceiling mural based on Raphael's frescoes at the Vatican Palace and white-glove amenities including a 24-hour doorman, concierge, and attended elevators. Residents may enjoy hotel services as well such as daily maid service (included in your monthlies), an onsite fitness center, hair salon, and valet parking. Pied-e-terre, pets, and 50% percent financing is allowed. Owners are offered a 20% discount at Harry Cipriani restaurant. There is a flip tax of 2% of the purchase price payable by the purchaser.
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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 | $2,796,000 | $2,796,000 | $2,796,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,317 | $17,903 | $23,783 |
Total Monthly Payment | $16,442 | $18,028 | $23,908 |
* 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.