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Located alongside one of Manhattan's most prestigious Park Avenue co-operatives on a distinctive Upper East Side townhouse row, just 900ft from Central Park, this 20-foot-wide, 5-story residence with a distinctive, disciplined classic facade, is currently divided into multiple apartments and an office offering an exceptional opportunity for single-family conversion. . . . . or a combination with its perfectly aligned neighbor to create a 40-ft wide mansion with over 13, 000sf of unused F. A. R. that could allow for notable expansion and/or the sale of air rights. The property is currently configured as a ground-floor medical office with eight residential units above. Measuring approximately 7, 000 square feet and featuring several outdoor spaces, including a rooftop terrace with impressive city views, this property with ceiling heights that remain elevated on every floor could also be retained in its current mixed-use configuration, ideal for a medical/cosmetic professional seeking to live above their practice. The property is delivered vacant. Perched in the heart of the Upper East Side Historic District, moments from Madison Avenue, the Plaza District, world-renowned cultural landmarks, acclaimed Michelin-starred restaurants, the best healthcare options, and new glamorous private clubs such as Maxime's and Casa Tua, this area also houses iconic cultural institutions such as The Metropolitan Museum of Art, The Guggenheim Museum, and The New Frick Collection. Coveted by discerning buyers globally, the Upper East Side is elegant, timeless, and remains one of New York's premier neighborhoods. OWNER FINANCING POSSIBLE.
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:
$9,250,000
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 | $7,400,000 | $7,400,000 | $7,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $13,220 | $13,220 | $13,220 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $42,016 | $45,563 | $62,445 |
| Total Monthly Payment | $55,361 | $58,908 | $75,790 |
* 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.