Located on Fifth Avenue in the heart of Carnegie Hill, this high-floor ten room residence offers extraordinary graciousness, incredible space and breathtaking views. The sophisticated and elegant apartment has four rooms that stretch across almost 60-feet of Fifth Avenue frontage, with exceptional views of Central Park and the Reservoir. The large entrance gallery leads to the expansive and sun-flooded living room with its wood-burning fireplace and views of the park through oversized windows. The living room is flanked by the formal dining room, which is ideal for hosting both large dinner parties and intimate gatherings with Central Park as the backdrop, and the library with park views, a wall of bookcases and a bar. The spacious primary bedroom and its ensuite windowed bath also enjoy direct views of the park. A separate bedroom hallway leads to the generously proportioned second and third bedrooms, each featuring open eastern exposures, walk-in closets and windowed ensuite baths. The large windowed gourmet kitchen offers ample custom cabinetry and leads to the staff hall, which can be used as a breakfast room or combined with the adjacent staff room to create an office, den or fourth bedroom. Additional features of this apartment include two staff rooms with shared bath, an abundance of closets, washer and dryer, hardwood floors and through-the-wall air-conditioning. There is an assessment of $3, 931. 85 per month in place until March 31, 2025.
Built and designed by renowned architect J. E. R. Carpenter in 1925, 1120 Fifth Avenue is one of the most prestigious prewar buildings in Carnegie Hill. This full-service cooperative is comprised of 44 residential apartments. It offers residents 24-hour doorman, live-in resident manager, private storage, fitness center and bike room. The building is pet-friendly and permits up to 30% financing of the purchase price. Renovations are permitted between May 15th and September 30th. Wonderfully located, 1120 Fifth Avenue is close to Central Park, Museum Mile, shopping and restaurants.
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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 | $6,200,000 | $6,200,000 | $6,200,000 |
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 | $36,182 | $39,699 | $52,739 |
Total Monthly Payment | $36,307 | $39,824 | $52,864 |
* 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.