THE I. M PEI PENTHOUSE
A WORLD RENOWN ARCHITECT
In 1948, a young visionary developer already known to particularly love architecture was seeking a talented new architect for his upcoming business and personal projects. The search landed upon a brilliant young professor at Harvard: Ieoh Ming Pei, I. M. Pei.
I. M. Pei would also design this personal penthouse for his employer and would quickly display his exceptional ability to capture the ultimate quality of its space and its extraordinary light overlooking the water of the East River. Pei's later home for 45 years at 15 Sutton Square a few blocks north would be chosen for the same aspect of extraordinary light overlooking grass and the water of the East River.
BEEKMAN PLACE
In the midst of a bustling cosmopolitan city, Beekman Place remains a two block island of trees and calm with low scale cooperatives and elegant townhouses overlooking the East River. Its row of ginkgo trees on both sides of the street are famous for all turning the same gold color on the same day - just after the first frost.
FLOOR PLAN
This apartment has extraordinary entertaining space that is nicely separated from its private bedroom areas. Both the windows and the ceilings are exceptionally high throughout.
The terrace can be accessed from the living room and the dining room on the the entertaining side and from the primary bedroom in the private wing.
According to floorplan specialist who drew the floorplan, the interior contains approximately 3, 115 square feet and the exterior terraces encompass approximately 1, 920 square feet. All prospective buyers are invited to measure the space if they choose.
THE TERRACES
The plantings on the terrace include unusual choices of plants and trees, including white birches planted in groups of threes and fours. All plantings are irrigated. It is possible to walk the entire terrace from one end to the other, going from the north to the west to the south to the east and back to the north.
I. P. PEI's CLASSIC VISION
While this penthouse has had four exceptional owners since I. M. Pei designed it, his vision remains intact through the years to this day.
BUILDING DETAILS
38 units
10 stories plus penthouse
Built in 1930
Cooperative
Six rooms: living room, dining room, kitchen, primary bedroom with large bath en suite, secondary bedroom with bath en suite and powder room
Pets allowed
Pied a terre allowed
4 large wrap terraces
2 WBFs
Flip tax of 2% paid by the Buyer
Shares: 636
Storage bin included
Live-in Super
24 hour Doorman
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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 | $5,598,400 | $5,598,400 | $5,598,400 |
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 | $31,787 | $34,927 | $46,865 |
Total Monthly Payment | $31,912 | $35,052 | $46,990 |
* 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.