IMMEDIATE OCCUPANCY.
The Penthouse at Gramercy Square's Boutique Building presents a striking 4-bedroom, 4. 5-bathroom residence, complete with a rooftop entertainment room. Spanning 3, 777 interior square feet, this duplex includes 2, 562 square feet of panoramic private outdoor space.
Upon stepping out of the elevators, you're welcomed by a sunlit landing with garden views, leading seamlessly into the expansive 40 x 20 ft great room with open kitchen, and adjacent library/guest-suite. The open kitchen showcases custom-designed cabinetry and honed Carrara marble countertops, complemented by appliances from Wolf, Bosch, and Sub-Zero, including integrated wine storage. The primary suite boasts two walk-in closets and an en-suite five-fixture master bath with radiant-heated marble floors, a soaking tub, and glass-enclosed shower.
Outside, the private roof terrace, envisioned by renowned landscape architect M. Paul Friedberg & Partners, features an ipe wood deck connected by a stepping stone path, surrounded by green roof plantings and a built-in lounge area. An outdoor kitchen with a gas BBQ grill and wet bar opens to a trellised dining area, while two additional balconies on the main floor offer added charm.
The roof terrace also hosts a glass-enclosed "bonus room", perfect for an office, media room, or game room-an entertainer's haven. With three exposures and exceptional indoor/outdoor entertaining space, this dramatic full-floor duplex residence is perfectly complemented by its modern palette of finishes.
This residence boasts a multi-zone HVAC system, pre-wired electrical for automated shades, and recessed LED lighting. A dedicated laundry room includes a side-by-side LG washer and externally vented dryer.
Situated at 220 East 20th Street, within Gramercy Square, this classic boutique condominium stands as one of eight residences, offering the rare fusion of prewar allure with modern amenities.
Amenities in the 18, 000-square-foot Gramercy Club include a 75' foot lap pool, fitness center, sauna/steam rooms, yoga studio, children's playroom, lounge, residents' club room, screening room, and golf simulator. Private storage and valet parking options are available for purchase (subject to availability).
Exclusive Sales & Marketing Agent: Douglas Elliman Development Marketing.
Equal Housing Opportunity. The complete offering terms are in an Offering Plan available from Sponsor. File No. CD14-0390. CabGram Developer, LLC. 4611 12th Avenue, Suite 1L. Brooklyn, NY 11219. The artist representations and interior decorations, finishes, appliances, and furnishings are provided for illustrative purposes only. Sponsor makes no representations or warranties except as may be set forth in the Offering Plan. Sponsor reserves the right to make changes in accordance with the terms of the Offering Plan.
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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 | $7,476,000 | $7,476,000 | $7,476,000 |
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 | $42,448 | $46,641 | $62,583 |
Total Monthly Payment | $42,573 | $46,766 | $62,708 |
* 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.