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Apartment 3A - A Park Avenue Transformation Opportunity Bring your architect and imagination to this rare Park Avenue residence, offering a remarkable opportunity to create a bespoke home in one of Manhattan’s most prestigious cooperative buildings. Apartment 3A is a gracious six-room residence with three full bathrooms, positioned on a prime “ A” line overlooking Park Avenue, with a westward exposure across the avenue toward 57th Street. The apartment is filled with natural light and features the generous proportions and classic layout that make Park Avenue residences so coveted. Currently configured with two oversized bedrooms, a staff room with its own bath, and expansive entertaining spaces, the layout offers extraordinary flexibility for a full redesign. The staff room can easily be transformed into a third bedroom, home office, or private guest suite, while the existing footprint provides an exceptional foundation for a sophisticated modern residence. The grand living room offers an impressive scale ideal for elegant entertaining. High ceilings, classic architectural details, and well-balanced room proportions create a perfect canvas for a thoughtful renovation. The windowed kitchen connects seamlessly to an exceptionally large, pin-drop quiet formal dining room, providing an ideal opportunity to design a spectacular chef’s kitchen and dining space suited for both daily living and entertaining. Offered in estate condition and requiring a complete renovation, this residence represents a true blank canvas for architects, designers, and buyers seeking to craft a custom Park Avenue home tailored to their vision. Opportunities to acquire a residence with this scale, direct Park Avenue positioning, and prime Park Avenue address are increasingly rare. For those seeking to design a truly exceptional Manhattan home, Apartment 3A offers the ultimate opportunity to reimagine and transform a classic Park Avenue residence. This prime location puts you at the center of it all. Pied-a-terres are welcome, making this a perfect pied-à-terre or full-time residence. With ten subway lines nearby, you’re well-connected to the entire city. Central Park, Midtown offices, and the city’s finest restaurants and shops are all just a short distance away.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$1,650,000
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 | $1,320,000 | $1,320,000 | $1,320,000 |
| 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 | $7,392 | $8,020 | $11,050 |
| Total Monthly Payment | $7,517 | $8,145 | $11,175 |
* 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.