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Perched on the 10th floor of this distinguished white-glove pre-war condominium, this well-proportioned one-bedroom residence offers a smart layout, generous room sizes, and excellent separation of space. A proper entry foyer leads into an expansive living and dining room measuring approximately 25” in length, providing ample space for both entertaining and everyday living. The room faces north and enjoys soft, consistent natural light, complemented by custom built-ins. Just off the living area is a versatile home office, ideal for remote work or easily adaptable as a guest room or den. The thoughtfully designed kitchen is efficiently laid out with ample cabinetry, stone countertops, and a washer and dryer, offering both functionality and a clean, modern aesthetic. The generously sized corner bedroom benefits from east and south exposures, welcoming beautiful morning light. A dedicated dressing area, lined with multiple closets, leads to the bathroom. With abundant closet space throughout, excellent proportions, and a layout that balances privacy and functionality, this home offers comfortable and refined living in a classic setting. 525 Park Avenue is a premier 14-story pre-war condominium designed by the renowned architectural firm Schwartz & Gross and completed in 1915 in the Italian Palazzo style. Ideally situated on Park Avenue at 61st Street, in the heart of one of Manhattan’s most prestigious and sought-after neighborhoods, the building offers full-service white-glove amenities and a level of privacy rarely found on Park Avenue. Residents enjoy immediate proximity to Central Park, as well as the city’s finest restaurants, cafés, boutiques, galleries, and world-class museums. The building is also notably flexible, permitting financing, LLC ownership, and purchases in trust. There is a Working Capital Contribution equal to one month’s common charges and real estate taxes payable by the purchaser. Apartment 10C is also available for sale and could be a wonderful opportunity for a buyer seeking additional space.
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:
$1,950,000
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 | $1,560,000 | $1,560,000 | $1,560,000 |
| 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 | $8,736 | $9,479 | $13,059 |
| Total Monthly Payment | $8,861 | $9,604 | $13,184 |
* 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.