LOCATION, LOCATION, LOCATION!
EXQUISITELY REMODELED, GRAND-SCALED STUDIO (650 SF*) WITH TONS OF STORAGE, 1 block from CENTRAL PARK.
PEACEFUL and QUIET.
* Square footage calculation is approximate
White glove, pet and pied-a-terre friendly, full-service building located between Park and Madison Avenues, just 1 block from Central Park. Turnkey, modern, spacious, luxury remodel. Owned and remodeled by a custom high-end homebuilder, the apartment is masterfully designed. Enter the apartment to stunning DuChateau Grande Savoy 10 wide European Oak Flooring. The floorplan takes you through the entryway, past two large storage closets to the left and to the right, a massive walk-in mirrored double-sided closet/dressing room with two walls of closets leading to the full bathroom with a sleek, modern vibe. Proceed from the entryway to the caf dining area which sits across from the built-in marble countered coffee/bar with glass cabinets. Beyond the bar is the sleek state-of-the-art kitchen with ample counter space and storage featuring a Fisher & Paykel refrigerator and dishwasher, and a vented Bertazzoni Professional Series oven with a 4-burner gas cooktop. Proceeding from the kitchen/dining area into the living area (where one could easily add a divider) is the huge living room where light and sun stream through the large windows into the north-facing apartment. The sleeping areawith a queen-sized bed and further storage nooksis discreetly located off to the right.
Pin drop quiet, spotless, and turn-key, no expense was spared in designing a true luxury escape where every inch was used to create convenient and ingenious storage paired with a clean, minimalist living vibe. The finest marble, high-end appliances, and oak hardwood flooring were used to craft this modern architectural haven.
55 East 87th St, officially known as The Parc, is a 15-story luxury cooperative located between Madison and Park Avenue on the Upper East Side of Manhattan, in the beautiful, elegant Carnegie Hill neighborhood. The white-glazed brick building was erected in 1963 and converted to a cooperative in 1987. Impeccably maintained, the Parc retains the many full-service amenities that made it a state-of-the-art residence in the sixties. There is a 24-hour doorman, live-in resident manager, garage in the building, bike room, and three elevators including a separate service elevator servicing approximately 129 units. 55 East 87th Street features a classic lobby with white marble floors and crown moldings, newly renovated hallways, landscaped courtyard, central laundry room, bike room and on-site attended GARAGE. Conveniently located within blocks of Museum Mile (world-class museums including the Metropolitan Museum of Art, the Guggenheim Museum, the Neue Galerie, Cooper Hewitt, the Museum and other fine cultural institutions). Fine dining, charming boutiques, the 92nd Street Y, Whole Foods, Fairway, Morton Williams supermarket, and the subway and crosstown bus service on 86th Street are all nearby. Central Park is your backyard! The buildings lovely landscaped outdoor space, equipped with lounge chairs, is also a highly desirable feature.
The building is pet friendly, has 65% Financing permitted, and has healthy financials. Pied-a-terre buyers are allowed, as are parental purchasing and guarantors. There is a 2% flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$679,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $543,200 | $543,200 | $543,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,706 | $3,610 | $4,581 |
Total Monthly Payment | $3,798 | $3,702 | $4,673 |
* 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.