Located in the prestigious Sutton Place neighborhood, this very spacious 2-bedroom, 2-bathroom co-op offers an incredible opportunity to customize your dream home. Situated in a full-service doorman building, the unit offers generous proportions, with an open and airy layout that includes a large living room, formal dining room (convertible to a 3rd bedroom), and abundant natural light throughout with views across the river to Long Island City and the Silvercup Studios sign.
Though the apartment requires renovation, it presents great potential for those looking to personalize every detail. The primary bedroom features ample closet space and an ensuite bath and the second bedroom is also well-sized and could be used as a home office. The home is pin-drop quiet.
The Canon Point North cooperative at 25 Sutton Place South is an elegant building offering a range of amenities, including a 24-hour doorman, fitness center, resident manager, laundry facilities, storage options and a private terrace overlooking the esplanade and the east river, just a few steps up from the lobby level. Access to the nearby East River Esplanade is all part of the tranquil setting of Sutton Place known for its quiet, tree-lined streets, proximity to the East River, and easy access to Midtown, fine dining, shopping, and transportation.
Bring your contractor and design vision to this rare opportunity in one of Manhattan's most coveted neighborhoods!
There is a monthly assessment of $1, 659 through June 30, 2025 for lobby, electrical and hallway upgrades. Dogs are not permitted.
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William Raveis Real Estate
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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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,256 | $4,679 | $6,311 |
Total Monthly Payment | $4,348 | $4,771 | $6,403 |
* 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.