Rare opportunity combine two apartments for a sprawling sixty feet of prime Central Park views at the Bolivar. Currently 8D has two park-facing rooms, plus four beds & four baths. 8C has three large rooms facing the park, including two beds with two baths. 8BCD can be combined into a spectacular five bed, six-bath apartment with five sets of picture windows facing the park. The alternate floor plan is only an example of many options, and includes a large open dining and great room, which overlooks the verdant beauty of the park. The existing open gourmet kitchen in 8D has ample counter space, excellent storage, a Gaggenau induction cooktop and separate ovens, a vented hood, a Miele refrigerator, Bosch dishwasher, and Sub Zero wine refrigerator with two refrigerated drawers. The current living space could be opened (with DOB approval) to 8BC to create a massive great room. A separate, proposed hallway opens to the sitting room of the oversized primary suite on the park with three walk in closets. Four well-proportioned existing bedrooms face the courtyard, which receive western light and are very quiet. In addition to a 24-hour door attendant, concierge service, attended lobby, and live-in building manager, the building also has one of the most spectacular roof terraces in the city (almost 10, 000 square feet) with jaw-dropping views, a former ballroom now used as a community room, laundry room, private storage, and bicycle storage, and refrigerated storage for food deliveries. Up to 75% financing is allowed. This is a pet-friendly cooperative. Pied-a-terres welcome at the discretion of the board. Very low maintenance. Please note that the proposed floor plan is only a suggestion, the combination would require board approval and filing with the Department of Buildings.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,396,000 | $6,396,000 | $6,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $35,816 | $38,863 | $52,686 |
Total Monthly Payment | $35,941 | $38,988 | $52,811 |
* 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.