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PENTHOUSE DUPLEX AT ICONIC 880 FIFTH AVENUE WITH STUNNING SOUTH-FACING TERRACE
A rare offering, this glamorous duplex is the perfect pied-a-terre or full-time residence for the discerning individual seeking gracious living in a distinguished Emery Roth designed Fifth Avenue cooperative. One of only a handful of duplexes and with ceilings unique to the building of over 10 ft. , this residence combines timeless architectural details with the rarity of expansive private outdoor space. The apartment's gracious interiors open onto an approximately 700 square foot south and west-facing terrace with sweeping, open views of the city skyline and partial park views. A large foyer leads to the main level of the duplex. Perfect for both grand entertaining and gracious living, the generously sized living room with decorative fireplace easily accommodates multiple seating areas and art displays. Filled with light from oversized windows and the open southern exposure, the living room flows into a spacious dining area with room for large gatherings. The windowed kitchen off the dining area offers custom cabinetry, generous storage and an in-unit washer/dryer. An additional gym or home office space is also located on this floor, along with a Juliette balcony, and additional full bathroom.
A graceful art-deco inspired banister leads to the upper level, and to the spacious bedroom, library/sitting room, and spectacular terrace. Currently configured as a one-bedroom with an open sitting room/library adjacent to the large primary bedroom, the spacious upstairs floor plan offers versatility and the flexibility to use the space to fit one's own needs. The bedroom and sitting room open directly onto the spectacular approx. 700 sq-ft. terrace. Framing panoramic open city views to the south and partial views of Central Park to the west, this urban oasis is perfect for al-fresco dining, cocktail receptions, relaxing and lush plantings.
The large primary bedroom suite features abundant closet space, and a spa-like bath with soaking tub and rain shower. The library/sitting room, with pocket doors opened or closed to the primary bedroom for privacy, also enjoys floor-to-ceiling windows and direct access to the terrace. Walk-in closets and a wall of closets on the upper landing provide abundant storage.
Rarely does a home combine such architectural distinction, private outdoor space, and a premier Fifth Avenue address, directly across from Central Park.
Completed in 1948, 880 Fifth Avenue is an exceptional full-service cooperative designed by famed architect Emery Roth and ideally located across from Central Park. Residents benefit from a gorgeous lobby and an array of amenities including full-time doormen and concierge, live-in resident manager, fully equipped gym with yoga and Pilates room, storage for each apartment, and direct access to a valet parking garage with reduced rates for shareholders (subject to availability). The building permits 50% financing and allows pied-e-terres, trust ownership, and pets on a case-by-case basis. 3% flip tax paid by purchaser. 880 Fifth Avenue offers a rare opportunity to live with timeless elegance in one of Manhattan's most distinguished addresses.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
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$2,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
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Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,996,000 | $1,996,000 | $1,996,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,868 | $11,967 | $16,709 |
| Total Monthly Payment | $10,993 | $12,092 | $16,834 |
* 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.