New York (Upper East Side), NY, 10028 | $985,000

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.

Features

  • Town: New York
  • Cooling: Other
  • Levels: 10
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Building In Basement
  • Year Built: 1928
  • Common Charge: $2,381 Monthly
  • View: City
  • Pet Policy: Building Yes,No
  • MLS#: RLS20083880
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/RLS20083880/7e85thstreet_newyork_ny?source=qrflyer
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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 Serhant   Phone: 646-480-7665

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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New York (Upper East Side), NY, 10028

$985,000

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 $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.