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Pristine pre-war 7 room on Park Avenue Located in a desirable pre-war cooperative at the corner of East 81st Street and Park Avenue, this beautifully renovated and light-filled apartment offers large-scale rooms and expansive living space. Designed by Carlos Gonzalez every detail has been carefully considered, including raised doorways that accentuate the high ceilings. A semi-private elevator landing opens into the welcoming entry foyer which in turn leads to a beautifully proportioned living room with wood burning fireplace flanked by custom cabinetry. Adjacent to the living room is an equally spacious dining room/family room with well-designed built-ins for media equipment and storage. These rooms flow seamlessly into one another but can also be separated by architectural iron and opaque glass sliding doors which create an impressive feature. Natural light floods these two rooms through oversized windows. The generously sized primary bedroom is privately located on the south-east corner and has ample closets including a large fitted walk-in and en-suite windowed bathroom as well as electric shades and remotely controlled cooling/heating. A separate bedroom hallway leads to two additional bedrooms with an array of closets and storage in each. A shared bathroom can be accessed directly from each room. The well-designed kitchen has top-of the line appliances, separate laundry facilities and an inviting windowed breakfast area. The original staff room now serves as an office/guest room and a full bathroom is conveniently located to also function as a powder room with easy access from the entertaining space. Additional features include through wall air conditioning, solar shades and a private storage room. The building offers full-time doorman service and a live-in building Superintendent, as well as a well-equipped gym and building laundry room with commercial grade washers and dryers. Both the lobby and elevators have been recently renovated. 940 Park Avenue permits pets and 50% financing and there is a 2% Flip Tax.
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$4,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $3,800,000 | $3,800,000 | $3,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.996% | 5.932% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,691 | $22,478 | $31,556 |
| Total Monthly Payment | $20,816 | $22,603 | $31,681 |
* 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.