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Loft-Like Prewar Condominium on Park Avenue Rarely available, this sun-flooded 1-bedroom, 1. 5-bath residence sits on a high floor of one of Park Avenue’s most distinguished prewar condominiums. Spanning approximately 1, 000 sqft, the home is defined by its soaring 10’8” ceilings, oversized windows, and open city views that create a bright, airy, and loft-like atmosphere. The gracious layout features a spacious living and dining area with excellent proportions, ideal for both entertaining and everyday living. With its scale and flexibility, the residence can be easily reimagined as a comfortable two-bedroom home, offering exceptional versatility. The private wing includes a generous bedroom suite with excellent closet space, an en suite bath, and an additional powder room. A windowed kitchen adds to the home’s appeal, enhancing both functionality and natural light throughout. 521 Park Avenue is a white-glove prewar condominium offering 24-hour doorman, porter, handyman, live-in resident manager, and fitness center, with laundry and private storage in the basement. Pets, pied-à-terres, and flexible financing are welcome. Ideally located near Central Park, Madison and Fifth Avenue shopping, and world-class dining, this address offers the very best of Manhattan living. Currently the unit does not have a washer/dryer, but it has been approved by the building and easy to install.
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.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $1,440,000 | $1,440,000 | $1,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.342% | 6.223% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,064 | $8,750 | $12,055 |
| Total Monthly Payment | $8,189 | $8,875 | $12,180 |
* 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.