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Residence 5C at 737 Park Avenue offers a rare opportunity to own a beautifully modernized three-bedroom home within one of Park Avenue's most elegant pre-war condominium buildings. Positioned at the prized corner of Park Avenue and 71st Street, the apartment enjoys an impressive stretch of Park Avenue frontage with open southern city views.
Encompassing approximately 2, 915 square feet, the home is entered from a semi-private elevator landing into a welcoming gallery that introduces the apartment's generous scale and thoughtful layout. Beyond, an expansive living and dining space unfolds, flooded with natural light from oversized Park Avenue windows and designed to accommodate both large-scale entertaining and relaxed daily living.
At the heart of the home is a striking open chef's kitchen, seamlessly integrated into the main living area. Anchored by a massive marble island with seating for four, the kitchen features Carrara marble countertops and backsplash, and a full suite of top-tier Miele appliances. This open configuration creates a natural gathering space and enhances the apartment's contemporary flow.
A private bedroom corridor separates the public spaces from the sleeping quarters. The serene primary suite is generously proportioned and includes a custom dressing area and a luxurious marble bathroom with double vanities, a soaking tub, separate glass-enclosed shower, and heated floors. Two additional bedrooms are well-sized, each offering ample closet space and their own en-suite marble windowed bathrooms.
The residence is completed by a discreet laundry area and an elegant powder room, thoughtfully positioned for guests. 737 Park Avenue is a full-service condominium that delivers classic Park Avenue presence with modern flexibility. Building amenities include a 24-hour doorman, live-in resident manager, a skylit fitness center, children's playroom, landscaped garden room with catering kitchen and courtyard, and dedicated bicycle and stroller storage.
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:
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$8,800,000
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 | $7,040,000 | $7,040,000 | $7,040,000 |
| 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 | $38,875 | $41,644 | $57,991 |
| Total Monthly Payment | $39,000 | $41,769 | $58,116 |
* 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.