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Ideally positioned to capture the lush vistas of Central Park and the iconic Metropolitan Museum of Art, Residence 4/5 at 990 Fifth Avenue is a distinguished duplex apartment comprising approximately 5, 000 square feet that offers breathtaking views and captivating southwest light. This architectural gem, with just six residences, was designed in 1927 by Rosario Candela and Warren & Wetmore and provides five bedrooms, five and a half bathrooms and five wood-burning fireplaces. Upon entering, you are greeted by the grandeur of 11-foot ceilings and elegant parquet floors. The expansive living room, centered around a magnificent fireplace, invites you to savor the verdant scenery beyond. Adjacent, a refined library with its own fireplace offers serene moments of relaxation, while the commodious formal dining room, anchored by yet another fireplace, is ideal for grand entertaining. The spacious, windowed chef's kitchen features professional-grade appliances, a large pantry with laundry facilities, and a breakfast room. There is an additional bedroom with en-suite bath adjacent to this space. The second floor houses the private quarters of the home, which embraces enchanting views and features generous dressing areas and en-suite bathrooms. Two of the bedrooms also feature wood-burning fireplaces. With white glove service, private elevator access, soaring ceilings, and intricate crown moldings, this residence epitomizes sophisticated city living within one of Manhattan's most desirable addresses. Two large storage rooms convey with the home. Pieds-a-terre are permitted with Board approval, as are pets. There is a 1% flip tax payable by the buyer, and no financing is allowed.
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:
$17,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
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 | $14,200,000 | $14,200,000 | $14,200,000 |
| 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 | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $79,516 | $86,281 | $118,871 |
| Total Monthly Payment | $79,641 | $86,406 | $118,996 |
* 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.