535 Park Avenue, #8AB, New York (Upper East Side), NY, 10065 | $12,500,000

A rare offering in one of Manhattan’s most distinguished cooperatives, Residence 8AB at 535 Park Avenue is a masterfully reimagined 8-room, 3, 250-square-foot home that marries glamour and master craftsmanship. Conceived by interior designer Danielle Richter, this 3 bedroom, Media Room, and 4 ½ bathroom residence is the epitome of luxury. From the moment you enter through the private gallery, the residence reveals an atmosphere of scale and sophistication. Natural oak floors in a chevron pattern set the stage for exquisite details: custom plaster moldings crafted on site, custom bronze hardware, and seamless integrations of advanced lighting and climate systems. Triple-pane windows bathe the interiors in light while ensuring tranquility high above Park Avenue. With 69 feet of Park Avenue frontage, four exposures, 10-foot ceilings, and an architectural narrative that recalls the elegance of a Parisian hôtel particulier, Residence 8AB stands as a singular offering. Featured in Architectural Digest for its “sexy, moody” design, this is more than a home, it is a work of art in one of New York’s most coveted addresses. The corner living room, anchored by an antique marble fireplace imported from London, exudes a mood both stately and intimate, complemented by sconces designed by Danielle Richter. The adjoining formal dining room of immense scale is framed by antique mirrors and dramatic lighting by Anna Karlin and is a grand setting for entertaining. The kitchen pairs utility and artistry, featuring a La Cornue induction range (vented out), hammered German silver De Giulio sink, and a monolithic Cosmopolitan quartzite island beneath a Murano glass chandelier. The primary suite features a Parisian art nouveau marble fireplace, hand-painted wall coverings, vintage Emil Stejnar lighting, two full bathrooms and two walk-in closets. The north facing primary bathroom evokes old-world romance with a freestanding Waterworks tub, starburst chandelier, and custom Art Deco inspired bas relief. A bespoke dressing room, finished with a black mother-of-pearl dressing table, completes the suite. Additional residence highlights include a richly appointed media room with ebonized oak millwork, a serene office with a Nero marble clad bath, laundry room with oversized washer and dryer, Lutron lighting and shades, concealed Sonance speakers, and a 7-zone forced heating and air conditioning system. The powder room is wrapped in chinoiserie wallpaper with a lilac marble sink. 535 Park Avenue is a refined, white-glove cooperative building originally completed in 1909 and designed by Herbert Lucas, rising 15 stories with approximately 26 residences and 2 professional suites. The building’s distinguished facade combines a two-and-a-half-story rusticated terra-cotta base with red-brick upper stories, crowned by half-oval wrought-iron Juliet balconies. Residents enjoy full-time doorman, live-in superintendent and several porters lending to an overall high staff-to-resident ratio. Building amenities include a rooftop terrace and private storage. Pied-a-terre and pets are permitted. The board allows purchases via trusts and permits 40 percent financing. There is a 2% flip tax paid by the purchaser.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 15
  • Amenities: Laundry Room; Roof Deck; Private Storage;
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 4 full / 1 half
  • Laundry: CommonArea,WasherDryerInstallAllowed
  • Year Built: 1910
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Washer/Dryer Hookups: Yes
  • Building Access : Elevator
  • Service Level: Full Service
  • Doorman: FullTime
  • OLR#: RLS20073973
  • Days on Market: 89 days
  • Website: https://www.raveis.com
    /prop/RLS20073973/535parkavenue_newyork_ny?source=qrflyer
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.
Listing courtesy of Compass

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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535 Park Avenue, #8AB, New York (Upper East Side), NY, 10065

$12,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $10,000,000 $10,000,000 $10,000,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $55,997 $60,761 $83,712
Total Monthly Payment $56,122 $60,886 $83,837

* 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.