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Floating over Central Park with corner views of the Metropolitan Museum of Art from the perfect 6th floor vantage point, this pre war 3550 SF condominium is unusual for its scale, light, location and the everlasting protected views of a Fifth Avenue apartment. Boasting 50 feet of Central Park frontage, soaring over 10-foot ceilings, this fully renovated 5 bedroom apartment is uniquely one of only 2 prewar condominiums on 5th Avenue located on one of the most beautiful corners on the Upper East Side. Designed by the esteemed prewar architect J. E. R. Carpenter 988 Fifth Avenue is a full service condominium with a full time doorman and live-in resident manager, building storage, a bike room, and is pet friendly. Enter from your private elevator landing into the grand foyer that opens to both the light filled corner Living Room and the oversized Dining Room each with a custom limestone fireplace. The foyer also leads to the powder room and the oversized eat-in kitchen with custom cerused oak and hand painted cabinetry, two large SubZero refrigerators, two dishwashers, two sinks, and Miele appliances. With custom pocket doors, the main entertaining rooms can all open into one another, bringing in light, Central Park views, and loft-like expanses throughout. This allows a wonderful flow that will accommodate modern lifestyle needs yet can seamlessly transition back into classically designated spaces. The gallery leads to 4 gracious bedrooms, one of which can be converted back into a library. There is a 5th bedroom or office space and bathroom at the rear of the apartment. The apartment has a laundry area with vented dryer, ample custom closets throughout plus a dedicated storage space in the basement that transfers. There is a 2% Flip Tax Paid By Buyer. Broker owner
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:
$18,500,000
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 | $14,800,000 | $14,800,000 | $14,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $5,206 | $5,206 | $5,206 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $82,876 | $89,926 | $123,894 |
| Total Monthly Payment | $88,207 | $95,257 | $129,225 |
* 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.