Once in a lifetime opportunity to create your dream pied-a-terre at the legendary Pierre on Fifth Avenue in the heart of Manhattan. Perfectly situated on the 35thfloor, once you step through the stately double doors into the gracious entrance foyer, you will be awed by the size of the East facing grand living room with 10. 5 ft. ceilings and exquisite New York City views. Off the living room is an enormous bedroom facing South and East, also with spectacular city views and an ensuite bathroom. This sun-flooded apartment features 3 large closets and a complete kitchen should you decide not to order room service.
Bring your architect/designer to make this stunning space your vision.
Pied-a-terre, corporate purchasers, pets and stateside LLC's are all welcome.
The Pierre opened its doors in 1930. It's been revered as both a quintessential monument to NYC affluence and is an outstanding archetype of service and New York City grandeur. Built in 1928, the Pierre was designed by Schultze and Weaver. The 44-story structure is set back from Fifth Avenue, 500 feet above 61st Street, and is topped with a mansard-style copper roof. The Pierre was once owned by J. Paul Getty, who bought it in 1938 and turned it into a cooperative in 1959. The building underwent a $100 million renovation in 2005 and is now a luxury hotel and with privately owned residences.
Residents enjoy full access to all hotel services including 24-hour concierge, twice-daily housekeeping service, spa and fitness center, valet services, conference room, business center, a beauty salon and full-time security. Perrine, the new French/American restaurant along with Two E bar/lounge and the Rotunda, an iconic room reimagined by renowned architect Daniel Romualdez with table side champagne & cocktails are located in the hotel and can provide room service.
In addition to maintenance, shareholders pay a monthly capital contribution fee of $847. 50 and there is a 2% flip tax payable by the purchaser. Maintenance includes daily room service. There is no financing allowed.
Can be combined with residence 3610 to create a 4 bedroom duplex.
SHOWINGS 10AM TO 4PM by appointment
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,795,000
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 | $1,436,000 | $1,436,000 | $1,436,000 |
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 | $8,153 | $8,959 | $12,021 |
Total Monthly Payment | $8,278 | $9,084 | $12,146 |
* 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.