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Where Sunrise Meets Sunset. Where City Meets Sky. Convertible 3 Bedroom with 12-foot ceilings.
This extraordinary one-of-a-kind penthouse features an approximately 1, 100-square-foot wraparound terrace with east, west, and north exposures. Enjoy sunrise views over the East River and sunset views over the Manhattan skyline. With three access points, the terrace provides effortless indoor-outdoor living and outstanding river and city vistas.
The living room is a showstopper in scale and sophistication, framed by oversized east and west facing windows that flood the home with extraordinary natural light. The soaring 12-foot ceilings and open loft-like proportions bring a downtown sensibility to one of uptown's most beloved neighborhoods.
At the same time, every detail reflects timeless elegance: herringbone oak floors, solid mahogany doors, and classic crown moldings, a nod to New York's architectural heritage, while the expansive layout supports modern living at its best.
The formal dining room, gracious enough to seat ten comfortably, flows seamlessly into a windowed kitchen with direct terrace access. The terrace is fully equipped with irrigation and lighting, setting the stage for lush greenery, evening lighting, and the perfect outdoor atmosphere for gatherings.
This two-bedroom, two-and-a-half-bathroom home offers privacy and proportion in equal measure. The penthouse occupies the top floor with just one other residence, ensuring peace, quiet, and exclusivity.
Highlights
Wraparound terrace approximately 1, 100 sf - with irrigation and lighting
Breathtaking East River and skyline city views
Three access points to the terrace for true indoor/outdoor living
12-foot ceilings and oversized windows
A living room with exceptional scale
2 bedrooms, 2. 5 baths
Formal dining room with terrace access
Windowed kitchen
Washer/dryer in unit
Full-service cooperative, maintenance includes electricity
501 East 79th Street is a full-service cooperative with a 24-hour doorman and live-in superintendent. The building recently completed a comprehensive renovation of the facade, lobby, elevators, and roof deck. Maintenance includes electricity. Amenities feature a landscaped roof deck, bike storage, central laundry, and a private garage (with waitlist). Pieds-a-terre are permitted, pets are welcome, and financing up to 70 percent is allowed. There is no flip tax.
Ideally located in one of Manhattan's most desirable neighborhoods, the building is nearby public transportation, top restaurants, shopping, and parks including the East River Esplanade, John Jay Park, and Carl Schurz Park.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$4,000,000
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 | $3,200,000 | $3,200,000 | $3,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.806% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,671 | $18,929 | $26,359 |
| Total Monthly Payment | $17,796 | $19,054 | $26,484 |
* 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.