Perfectly positioned atop the premier prewar co-operative, 895 Park Avenue, this palatial duplex penthouse epitomizes unparalleled luxury with impeccably proportioned spaces, perfect for sophisticated entertaining and everyday living. All of the entertaining rooms have French doors opening onto an expansive wrap terrace. The lush, landscaped terrace envelops three sides of the residence, providing the perfect space for alfresco entertaining amidst serene surroundings. Boasting breathtaking vistas of the iconic Manhattan skyline, there is an abundance of natural light that pours through every window of this spectacular home. There are six bedrooms, five full bathrooms, and a powder room.
A private elevator landing welcomes you to an expansive windowed entrance gallery off which is a windowed powder room and a large coat closet. The gallery is bathed in radiant sunlight and opens onto a meticulously landscaped wrap-around terrace. There is a magnificent corner south and east facing living room which exudes sophistication; it has a working fireplace, a 10'6" ceiling, four oversized windows, and French doors also leading to the terrace. Across the gallery is the grand formal dining room which sets the stage for lavish gatherings; this regal room has three exposures and French doors leading to the terrace.
A windowed butler's pantry connects the dining room to the kitchen, it is equipped with a Miele dishwasher, a Scotsman icemaker, a sink, and a large pantry closet. The windowed eat-in kitchen has custom cabinets, wood floors, marble countertops, a Subzero refrigerator, a Miele dishwasher, double Viking ovens, and a six-burner range with a custom Abbaka cooper hood. Adjacent is a large, windowed breakfast room with a built-in banquette.
Descending an elegant sweeping set of stairs are the tranquil private quarters. The luxurious primary suite beckons with a spacious bedroom and sitting room with a working fireplace, both bathed in sunlight and connected by pocket doors. Complementing the suite, a chic windowed dressing room, two bathrooms, and generous closets ensure ultimate comfort and convenience. There are four additional bedrooms, two with en-suite baths and two sharing a bathroom. Completing this level, is a corner library, a windowed laundry room with a sink and storage, along with five hallway closets. A back staircase connects to the kitchen, and both the passenger and service elevators service both floors of the duplex.
This pre-war cooperative was built in 1930, designed by Sloan and Robertson and houses only thirty-eight residences. Impeccable staffing includes full-time doorman and porters, and a live-in resident manager. Building amenities include a gym and squash court with a basketball hoop. The building allows 50% financing, there is a 3% flip tax, and it is pet-friendly.
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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 | $14,000,000 | $14,000,000 | $14,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $79,490 | $87,342 | $117,197 |
Total Monthly Payment | $79,615 | $87,467 | $117,322 |
* 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.