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Welcome to Penthouse A at The Ascot - 407 Park Avenue South, a 2-bedroom, 2-bathroom post war cooperative located in the NoMad neighborhood. Situated on the 27th floor, the apartment offers amazing open city views with southern and western exposures that provide excellent natural light throughout the day. The home features a renovated, windowed kitchen with Viking Stove and Custom Cabinetry, Renovated Windowed bath, wide-plank wood floors, recessed lighting and a dedicated dining area. The living room is generously sized and opens through French doors to a private balcony. The split bedroom layout provides great closet space. The apartment also includes a private storage unit.
The Ascot is a full-service, pet-friendly building (two pets permitted) with a renovated lobby and hallways and only six apartments per floor. Amenities include a full-time doorman, landscaped courtyard, laundry room, fitness center, and amazing roof deck with lounge seating, barbecue, and outdoor shower. Located in NoMad, the building is accessible to transportation, parks, restaurants, and cultural destinations, making it convenient for both work and leisure. Penthouse A offers a well-balanced combination of space, light, and amenities in a central Manhattan location.
The Ascot allows 75 percent financing of the purchase price, no flip tax , co-purchasing and gifting 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:
Our Insurance Division:
$1,550,000
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 | $1,240,000 | $1,240,000 | $1,240,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,657 | $7,236 | $10,132 |
| Total Monthly Payment | $6,782 | $7,361 | $10,257 |
* 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.