This elegant, approximate 2, 350 square foot 8-room prewar Penthouse, with its sprawling, approximate 2, 600 square foot wrap terrace, is now on the market for sale for the first time in 30 years. It is one-of-a-kind, charming and a wonderfully sunny residence with as high as 10'3" beamed and recessed lit ceilings. Its grand and gracious step-down 27'5" x 18' corner living room has a WBF and an entrance to the terrace. The formal dining room also offers not only access to the terrace but opens onto a stunning atrium, perfectly suited for your cocktail entertaining. This home boasts a spacious 21' x 15' corner primary bedroom plus a second smaller one, also containing a WBF and presently used as a library. The approximate 11' x 12' staff room can easily be a third bedroom/office/guest room as it is currently set up with two twin beds. Both the kitchen as well as the laundry room are windowed. This very special residence has its own private entrance foyer, through-wall air conditioning, abundant closet space and three full baths. While the windows are new, this home will require some updating.
This gracious home covers the entire top floor of a well-established, boutique, 1927 prewar cooperative. 170 East 78th Street is a small, 28-unit building with a resident manager and full-time doorman service. It is located on one of the most beautiful blocks of the Upper East Side, lined with many beautiful townhouses as well as blossoming trees, each graced with lush, floral plantings below.
The Lexington Avenue #6 train is one block away as is bus service, both up and down and cross-town. Nearby are Citarella's, Eli's and Butterfield's gourmet markets, as well as Patisserie Chanson. The neighborhood has numerous fine restaurants, including Sushi Noz, one of the most exclusive Japanese restaurants in the city. Central Park is a quick four-block walk away.
The cooperative permits 50% financing, pets and pied a terres with board approval, and has private storage bins. There is a 2. 5% flip tax to be paid by the buyer and a five-year capital assessment to cover Local Law 11 work and a new passenger elevator. .
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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 | $2,796,000 | $2,796,000 | $2,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 5.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 5.983% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,224 | $16,539 | $23,218 |
Total Monthly Payment | $15,349 | $16,664 | $23,343 |
* 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.