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Ideally situated at the corner of Park Avenue and East 82nd Street, 950 Park Avenue is a distinguished palazzo-inspired cooperative designed in 1921 by renowned architect J. E. R. Carpenter. With leafy treetop vistas, this gracious and newly-renovated residence proffers grandly scaled rooms, soaring ceilings, and delightful natural and reflected light throughout.
Accessible from a private elevator landing, this beautifully renovated Classic 8 offers a generous and impressive layout. The grand marble entry foyer, with soaring 10-foot ceilings, opens into a bright and expansive living and dining suite that stretches over 40 feet. Both rooms feature stunning herringbone hardwood floors. The living room is centered around a wood-burning fireplace with an elegant marble mantel and enjoys oversized windows, while the dining room provides a perfect setting for hosting, with generous scale, excellent light, and refined finishes.
The private quarters are equally inviting, featuring three generously sized bedrooms. Two of the bedrooms share a beautifully renovated, windowed marble bathroom, while the oversized corner primary suite boasts its own updated bath and a spacious walk-in closet. A charming built-in office with custom stained-glass windows, along with a full guest bath, complete this wing.
The newly renovated custom chef’s kitchen is a true standout, offering a large eat-in layout, an expansive butler’s pantry, and a built-in banquette. It is outfitted with premium appliances from Wolf and Sub-Zero, including convection, warming, and microwave ovens, as well as an in-unit GE washer and dryer.
Additional features include new wide-plank flooring throughout, brand-new designer light switches from Forbes & Lomax, updated electrical systems, new PTAC units in the kitchen, den, and primary bedroom, as well as 24 custom interior doors.
950 Park Avenue is an elegant white-glove cooperative with impeccable staffing, including full-time doormen and a resident manager. Amenities include a fully fitted rooftop fitness center, a beautifully landscaped rooftop garden terrace with sweeping views toward Central Park, and dedicated storage. Ideally located in the heart of the Upper East Side’s historic district, the building is moments from Central Park, the Metropolitan Museum of Art, and the boutiques and restaurants of Madison Avenue.
Pets are permitted. 40% financing is allowed. A 3% flip tax is payable by the purchaser.
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:
$5,700,000
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 | $4,560,000 | $4,560,000 | $4,560,000 |
| 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 | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $25,180 | $27,340 | $37,867 |
| Total Monthly Payment | $25,305 | $27,465 | $37,992 |
* 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.