875 Park Avenue, #1CD, New York (Upper East Side), NY, 10075 | $3,995,000

At the distinguished corner of Park Avenue and East 78th Street, within the elegant prewar cooperative 875 Park Avenue, this extraordinary 4, 000+ square-foot maisonette presents a rare opportunity to create a grand Upper East Side residence while enjoying a level of flexibility seldom found in Park Avenue cooperatives.

Currently configured as a live-work residence with a medical office, Apartment 1C/1D occupies an elevated position above street level and offers the privacy and scale of a townhouse paired with the prestige and services of a full-service Park Avenue building. The property features its own private entrance directly on Park Avenue, providing discreet access in addition to the building's full-service lobby entrance.

Behind the doors lies a sprawling and highly adaptable floor plan capable of accommodating a variety of configurations. While the space is presently arranged to support a medical practice alongside residential quarters, the apartment may be reimagined as a magnificent full-floor residence with grand entertaining rooms, multiple bedrooms, a library, and expansive living and dining spaces befitting a classic Park Avenue lifestyle.

The maisonette's elevated position allows for excellent privacy while maintaining the scale and architectural presence associated with the finest prewar cooperatives. Generous proportions, abundant natural light, and flexible room divisions provide a blank canvas for architects and designers to craft a truly bespoke home.

Enhancing the offering further, two separate staff rooms are also available for purchase. These additional spaces offer the possibility to expand the primary residence or create dedicated staff accommodations and may potentially be combined with the main apartment, subject to board approval.

Opportunities of this scale and flexibility on Park Avenue are rare. A distinctive maisonette with private entry and remarkable adaptability, offering the chance to create a grand residence in one of the Upper East Side's most prestigious addresses.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 13
  • Amenities: Bike Room; Fitness Room; Laundry Room; Common Storage;
  • Rooms: 15
  • Bedrooms: 2
  • Baths: 1 full / 1 half
  • Laundry: Other
  • Year Built: 1912
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: RLS20085742
  • Days on Market: 34 days
  • Website: https://www.raveis.com
    /prop/RLS20085742/875parkavenue_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 Corcoran Group

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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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875 Park Avenue, #1CD, New York (Upper East Side), NY, 10075

$3,995,000

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 $3,196,000 $3,196,000 $3,196,000
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 $17,897 $19,419 $26,754
Total Monthly Payment $18,022 $19,544 $26,879

* 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.