227 East 57th Street Apartment 16G - Sutton Place
The perfect opportunity awaits in this most charming 2 Bedroom and 2 Bathroom Coop on East 57th Street - with incredible skyline views!
Welcome to 227 East 57th Street, a 1931 Pre-War Art Deco Coop consisting of 118 Apartments and residing on one of the most convenient locations on East 57th Street - Sitting at the crossroads of Sutton Place and Billionaires Row. Apartment 16G consists of 2 Bedrooms and 2 Bathrooms, on an elevated floor, providing excellent light and open views over Manhattan, which sets this apartment aside from the rest. Enjoy this amazing space as-is with some TLC and your belongings - or bring your architect and create your ideal Manhattan Dream Home.
As you enter the apartment, the elegant Entry Foyer contains a coat closet and is large enough for various needs, including an entry table and Mirror, and plenty of wall space for displaying your artwork and photographs. Leading into the Living Room and Kitchen, you are immediately drawn to the oversized windows and skyline views looking to the North. The Corner Living Room is of ample size and currently contains a built in Windowed Dining Area, with adjoining Bookcases, and can accommodate various furniture layouts. There are three Windows in the LR, two looking to the North, and the oversized window in the Dining Area facing West. The Kitchen also features two oversized Windows looking to the North overlooking manhattan, and is large enough to accommodate an eat-in breakfast table - giving the apartment two separate cozy dining areas. The oversized Kitchen also currently comes complete with a Dishwasher, Gas Stove, Stainless Steel Refrigerator, and a full size WASHER and DRYER.
Both Bedrooms are located in the Eastern portion of the apartment, providing a sense of quiet and calm, and are separated by both Bathrooms - giving each sleeping space a sense of Privacy. The Primary Bedroom is oversized, and can accommodate a full Bedroom layout with King Bed plus a Home Office Space. There are Two Windows, one looking to the North, and the third looking to the East, which is also adorned with surrounding bookcases. The Primary Bedroom comes complete with two oversized closets, which can be built out to maximize their full storage capabilities. The Primary Bathroom is windowed and exudes old school New York Charm, including its original Tub, Pedestal Sink, and the forever iconic Pre-War tile design.
The Guest Bedroom is also of ample size, and can suit various needs, depending on the end user - from being a large Guest/Second Bedroom, to a separate Home Office or Library/Den. This Bedroom is En-Suite and contains an oversized Window looking to the North, as well as a large closet. The Bathroom consists of a Stall Shower, Pedestal Sink, and also contains a window looking to the East.
Hardwood Floors and Great Ceiling Heights abound throughout the Apartment.
227 East 57th Street is conveniently located directly across the street from Whole Foods, and is also around the corner from Trader joes - providing multiple grocery options in addition to being in close proximity to of some of New York City's most famous restaurants and eateries. This location also provides easy access to multiple subway lines, the famous boutiques of East 57th Street and Madison Avenue, as well as the gateway to Central Park and the Sutton Place Waterfront.
The beautiful Art Deco Lobby retains a full time Doorman, and this coop has a live-in Super, Elevator, extra Laundry Room and Storage in the basement. There is currently a waitlist for the storage. This Coop is Pet Friendly, and co-purchases and Pied a Terres are also permitted on a case-by-case basis. This building also has a very generous subletting policy, where any new buyer can rent out the apartment after One Year of living in the Unit as their primary residence. What more could you want within a Coop on East 57th Street! Please call me now to discuss all of the details and to arrange your viewing of this wonderful apartment and opportunity.
Flip Tax: $2. 37 per share - Apartment 16G contains 1, 674 shares.
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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 | $860,000 | $860,000 | $860,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,883 | $5,295 | $7,142 |
Total Monthly Payment | $5,008 | $5,420 | $7,267 |
* 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.