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Bring your architect and create a bespoke Park Avenue residence. Sponsor sale - no board approval. Located in the distinguished pre-war condominium at 525 Park Avenue, Apartment 3D offers a rare opportunity to design a custom home in one of Manhattan’s most prestigious addresses. With approximately 10-foot ceilings, gracious proportions, and a versatile layout allowing for an array of living configurations, the apartment presents an exceptional canvas for a full-scale renovation. A gracious entry foyer opens into a large 20-foot living room and a separate formal dining space, ideal for entertaining. There is also a separate office/study space off the living room. The windowed kitchen is positioned just off the dining space and includes a secondary service entrance, offering excellent potential for a dramatic chef’s kitchen or one could open kitchen to dining for an eat-in design option. The private bedroom wing includes a spacious primary bedroom measuring over 21 feet in length, along with a sizable second bedroom that can easily serve as a guest room or proper library. Two full bathrooms and abundant closet space throughout further enhance the home’s functionality and flexibility. Designed in 1915 by the renowned architectural firm Schwartz & Gross in the elegant Italian Palazzo style, 525 Park Avenue is a full-service pre-war condominium offering white-glove amenities including a full-time doorman, concierge, live-in resident manager, fitness center, and private storage. Ideally located at Park Avenue and 61st Street, the building sits moments from Central Park and the luxury boutiques and renowned dining along Madison and Fifth Avenues. The nearby Equinox 61st Street offers additional wellness facilities including a pool, and two parking garages are conveniently located within a block. With flexible ownership allowing financing, LLCs, and trusts, Residence 3D presents a rare opportunity to craft a timeless Park Avenue home tailored entirely to your vision. Working capital contribution of one (1) month's common charges and one (1) month's real estate taxes paid by Purchaser. Note, photos have been virtually white-washed and emptied to show space and scale of rooms.
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.
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Our Executive Mortgage Banker:
$1,750,000
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 | $1,400,000 | $1,400,000 | $1,400,000 |
| 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 | $7,840 | $8,507 | $11,720 |
| Total Monthly Payment | $7,965 | $8,632 | $11,845 |
* 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.