1295 Madison Avenue, #3B, New York (Carnegie Hill), NY, 10128 | $3,425,000

THE FINAL NEW DEVELOPMENT RESIDENCE AT THE WALES
Move-in ready for immediate occupancy.

Every room lining Madison Avenue, this spacious 1, 772 square-foot residence has two bedrooms, two bathrooms, and a marble powder room. Now ready for immediate closing, Residence 3B has western exposures and is one of the most desirable two-bedroom new development condominiums on the Upper East Side.

The entry foyer opens onto a grand living room and dining room with treetop Madison Avenue views and coffered ceilings. Classically scaled yet modern, the open kitchen is perfect for entertaining. Solid white oak floors in a herringbone pattern span the entertaining areas.

The kitchen by interior designer Cabinet Alberto Pinto has custom white lacquer millwork with Art Deco-inspired geometric relief patterning. Countertops and backsplashes are decked in brilliant Crystal Grey calacite slabs. It is appointed with an integrated Sub-Zero refrigerator and wine fridge, Wolf gas range with an outside vented hood, Wolf wall oven, Wolf speed oven, and integrated Cove dishwasher.

Of epic proportions, the primary bedroom suite has two walk-in closets and a five-fixture bath with Bianco Carrera and Grigio Nicola marble flooring. The custom vanity has Bianco Carrera countertops and Kallista chrome fittings.

The secondary bedroom has an en-suite bath with Bianco Estremoz marble countertops and Crema Marfil and Bianco Estremoz marble tile flooring and walls. The powder room features White Civec marble walls and Calacatta Oro marble floors and wainscoted walls. In its own utility closet are the washer, vented dryer, and dedicated wash sink. The zoned heating and cooling system and Kohler Aquifer water filtration system offer complete comfort.

Now offering immediate closings, The Wales is a beloved Carnegie Hill landmark reimagined for full-service condominium living on the Upper East Side. The elegant 24-hour attended lobby features coffered ceilings, a custom walnut and marble concierge desk, and antique mirrored walls. Amenities include a sophisticated oak-paneled fitness center with Peloton and Hydrow equipment, a pet spa with grooming station, cold storage with the doorman, bicycle storage, and private storage for purchase.

The complete offering terms are in an offering plan available from the Sponsor. File# CD200207. Sponsor Name: 1295 Property LLC, 1636 A Third Avenue, New York, NY 10128.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 11
  • Amenities: Bike Room; Fitness Room; Laundry Room; Private Storage;
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Complex: Wales, The
  • Year Built: 1930
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Attended Lobby
  • Doorman: PartTime
  • LobbyAttendant: PartTime
  • OLR#: RPLU618223255341
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/RPLU618223255341/1295madisonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Sunshine Marketing Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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1295 Madison Avenue, #3B, New York (Carnegie Hill), NY, 10128

$3,425,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,740,000 $2,740,000 $2,740,000
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 $15,557 $16,871 $22,753
Total Monthly Payment $15,682 $16,996 $22,878

* 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.