Located on the prestigious Upper East Side, 1016 Fifth Avenue #11AC epitomizes contemporary elegance. This turn-key residence, meticulously reimagined in 2018, spans over 5, 525 SF+/-, offering an expansive layout that seamlessly merges modern luxury with timeless sophistication. With 4 bedrooms—including a refined primary suite, 2 guest bedrooms, and an adaptable office space that can transform into a second primary suite—this home is tailored for both grand entertaining and tranquil retreats.
Designed by esteemed AD100 designer Juan Montoya, the interiors exude a sense of grandeur, with each detail thoughtfully curated to foster an elevated and harmonious living experience. The primary bedroom commands breathtaking views of Central Park and the Metropolitan Museum of Art, a standout feature further enhanced by a meticulous renovation that ensures an ambiance of rare tranquility—an extraordinary retreat just moments from the cultural vibrancy, world-class dining, and lively energy of New York’s iconic Fifth Avenue. Realized through the architectural vision of Ignacio Lamar and brought to life by Myriad Construction, this residence stands as a true masterpiece of architectural excellence and superior craftsmanship, embodying the finest in Fifth Avenue living.
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Our Executive Mortgage Banker:
Our Insurance Division:
$15,450,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $12,360,000 | $12,360,000 | $12,360,000 |
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 | $70,179 | $77,110 | $103,468 |
Total Monthly Payment | $70,304 | $77,235 | $103,593 |
* 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.