Seller is offering a maintenance reduction of $2, 500/month for 5 years (lowering the current maintenance of $5, 960/month to $3, 460/month) for a total of $150, 000!. L ovely prewar 2 bedroom/2. 5 bathroom home with a wood burning fireplace just off Park Avenue. A formal entry foyer leads into a large living room facing south overlooking the pretty treetops of East 63rd Street. The formal dining room lends itself to elegant entertaining and is a flexible space that could also be used as a library/den. Both bedrooms are graciously-sized and offer southern light, an abundance of closets and custom built-ins. The primary bedroom has a luxurious, windowed en suite bath with a heated towel rack and a traditional clawfoot tub. The second full bath is also windowed and has a shower stall with Waterworks fixtures. Originally a "Classic 6", this elegant residence was thoughtfully redesigned to feature a spacious eat-in kitchen with high-end stainless steel appliances, tons of storage, great counter space, a built-in desk/work station, washer/dryer and wine refrigerator. Other details include 9'6" ceilings, beautifully maintained hardwood floors, thru-wall AC and updated windows.
Built in 1923, 125 East 63rd Street is an intimate, full-service building with a new roof deck, basement storage and a live-in resident manager. This central Upper East Side location is close to Central Park, Madison Avenue shops, great restaurants, Equinox, SoulCycle and all major transportation including the F, Q, 4, 5, 6, N, R & W subway lines. Pets and pied-a-terres are permitted. 70% financing allowed.
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Our Executive Mortgage Banker:
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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 | $1,000,000 | $1,000,000 | $1,000,000 |
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 | $5,678 | $6,239 | $8,371 |
Total Monthly Payment | $5,803 | $6,364 | $8,496 |
* 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.