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Oversized One Bedroom with Flexible Two-Bedroom Potential Just Off Fifth Avenue! Perfectly positioned just off Fifth Avenue, this sun-filled, south-facing prewar residence stands out for its exceptional scale and rare flexibility.
Currently configured as an oversized one bedroom with a formal dining area, the layout can easily be reimagined to accommodate a well-proportioned second bedroom, similar to other B-line residences in the building. This is a rare opportunity to secure true space, light, and long-term value, especially at a price point under $1M.
Approximately 9-foot beamed ceilings, hardwood floors, custom mahogany built-ins, and a wood-burning fireplace create a warm, classic backdrop. The king-size, south-facing bedroom is filled with natural light throughout the day, while the expansive living and dining footprint offers multiple layout options as needs evolve. The bathroom has been recently renovated.
The windowed kitchen features premium appliances by Sub-Zero, Gaggenau, and Miele, along with rich cabinetry and thoughtful storage. A gracious foyer, restored windowed bath, and seamless flow between rooms complete this elegant and highly livable home.
Located just steps from Central Park, 7 East 85th Street is a pristine, prewar cooperative with a live-in superintendent, landscaped courtyard, laundry, potential for private storage, and bike room. A parking garage sits next door, and nearby transportation includes the 4/5/6 trains, crosstown M86 SBS, and multiple bus lines.
Pets permitted with board approval. Financing up to 7 5% allowed. Pied-à-terre and flexible purchasing considered on a case-by-case basis. 3% flip tax applies.
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:
$985,000
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 | $788,000 | $788,000 | $788,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,351 | $4,724 | $6,544 |
| Total Monthly Payment | $4,443 | $4,816 | $6,636 |
* 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.