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LOCATION. VALUE. SPACE.
1BR 1. 5BA $480 maintenance Just off Madison Ave
Live just off Madison Avenue with exceptionally low maintenance in this spacious convertible 2-bedroom, 1. 5-bath residence at The Cumberland House.
Offering approximately 1, 100 sq. ft. , Residence 3G features a generously proportioned living room with east and south-facing exposures. The flexible layout easily accommodates living, dining, and work-from-home areas, or a second bedroom, making it an ideal Junior 4. A convenient powder room and two large closets enhance everyday functionality.
The windowed pass-through kitchen is efficiently designed with quality appliances and excellent workflow. The quiet bedroom suite offers ample closet space and an en-suite full bath. The apartment is move-in ready, featuring brand-new natural flooring throughout.
Cumberland House is a full-service, white-glove cooperative with a brand-new rooftop gym, roof terrace, renovated lobby and hallways, and an on-site garage.
Maintenance of just $480/month includes internet, cable, and partial electricity. There are no current assessments.
Ideally located moments from Central Park and surrounded by premier shopping and dining, including Hermès, Brioni, Brunello Cucinelli, Dolce & Gabbana, Casa Cruz, and Fleming by Le Bilboquet.
BUILDING POLICIES
Flip tax currently suspended
50% financing permitted
Subletting allowed (2 of 5 years after 5 years of ownership, with board approval)
Pets, pied-à-terres, co-purchasing, and in-unit washer/dryer permitted with board approval
Showings Monday-Friday by appointment only
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:
$1,399,000
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 | $1,119,200 | $1,119,200 | $1,119,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.028% | 5.858% | 5.681% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,838 | $6,531 | $9,145 |
| Total Monthly Payment | $5,963 | $6,656 | $9,270 |
* 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.