You can have it all! Well-priced estate offers a rare opportunity to design a large home at renowned River House complete with river views, glorious light, tons of flexible space and unusually large and beautiful outdoor spaces! It's a whole new River House these days. . . re-pointing and restoration projects are drawing to a close; the Art Deco lobby is being refurbished; the gracious cobblestone courtyard and its gardens are being refreshed and replanted; and it's smooth sailing at the River Club. This iconic 1931 Bottomly, Wagner & White Art Deco masterpiece is set directly on the East River and no apartment in the building has a more enviable outlook than Apartment 3A. After making your way through the museum-quality Art Deco lobby to the private third-floor elevator landing of the desirable A-line, visitors are met with astonishing views from the enormous living room where an enormous (grandfathered) single-pane window overlooks the ever-changing boat traffic on the East River and offers stunning panoramas of the Queensboro, Williamsburg and Brooklyn Bridges. The iconic Pepsi-Cola sign and the lights on the bridges are jewel-like illuminations in the evening skyline. Apartment 3A is a grandly scaled 12-room home offering approximately 5, 000 square feet of interior and nearly 890 square feet of outdoor space. It is ideal for those in search of generous outdoor space with its two ~l 1'x5' river-facing breakfast terraces- one off the dining room and the other off the primary bedroom- and its even more spectacular 18x45' river-view terrace which is currently accessible from four different rooms and where one can comfortably host tea for two or drinks for one hundred. These large user-friendly outdoor spaces offer a tranquil water-view oasis rarely available in a venerable New York co-op! This apartment, comprised of palatial public rooms and cozy private spaces, was lovingly maintained by a single owner for decades. You and your design team will be inspired by the space, the light, the terraces, and the amazing views from every room, Apartment 3A is currently configured as a five-bedroom, four-bathroom home with five fireplaces and an unusually flexible lay-out. Whether you choose to modestly reconfigure or dramatically re-imagine the spaces, it is important to know that the Board has recently relaxed and codified changes in its work rules and it welcomes improvements to this grand dame of the East Side often cited as one of Manhattan's Top Ten residential buildings. This apartment offers a tempting canvas to the imaginative buyer who values the elegance of River House and appreciates the possibility of adding a large complement of additional amenities through expedited membership in The River Club. (The River House Board can serve as your sponsor!) The River Club, an exclusive and historic social and sporting club, is located at the base of River House and can be accessed either through its own entrance on East 52nd Street or through a convenient internal door between the River House lobby and The River Club. Among other amenities, it offers dining, in-apartment catering and home food delivery, tennis, squash, swimming, a golf simulator, guest rooms and a rich variety of social programs for adults and children. River House offers residents ready access to the FDR, parking, gourmet shopping, designer florists, fine dining and the recently completed East River Greenway. Come create a remarkable home there in Apartment 3A! Flip tax: 3%
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,200,000 | $4,200,000 | $4,200,000 |
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 | $23,847 | $26,203 | $35,159 |
Total Monthly Payment | $23,972 | $26,328 | $35,284 |
* 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.