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Perched high above Madison Square Park in the prestigious 15 Madison Square North, Residence 16AB is an expansive and beautifully combined home offering exceptional scale, privacy, and light across a thoughtfully designed layout with distinct entertaining and bedroom wings. Flooded with southern and eastern light through oversized windows, this sprawling residence is anchored by a dramatic open living and dining room with soaring 11’7” ceilings, creating an extraordinary space for entertaining on a grand scale. Just off the main living area, the open kitchen and breakfast room seamlessly connect to one of two private terraces, ideal for indoor-outdoor living and dining. The private bedroom wing is well-separated from the entertaining spaces and includes a serene primary suite with its own private terrace, commodious walk-in closets, and a spacious en-suite bath. Additional bedrooms feature approximately 11-foot ceilings, excellent proportions, en-suite baths, and abundant closet space throughout. A separate den and dedicated office provide exceptional flexibility for media, work-from-home, or guest accommodations. With two large terraces, open park and city views, tremendous storage throughout, and an airy loft-like feel paired with classic pre-war proportions, Residence 16AB offers a rare combination of scale, functionality, and elegance in one of Downtown Manhattan’s most sought-after full-service condominiums. Originally built in 1912 and thoughtfully converted into luxury condominiums, 15 Madison Square North is a distinguished pre-war building offering white-glove service, including a full-time doorman, concierge, and resident manager. Residents enjoy an exceptional suite of amenities including a landscaped rooftop terrace, two-story fitness center, children’s playroom, bike storage, temperature-controlled wine storage, and private storage lockers. Perfectly positioned along Madison Square Park, the building is moments from some of Manhattan’s finest restaurants, shopping, hotels, and cultural destinations, with convenient access to the 6, N, R, W, M, and PATH trains.
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:
$12,995,000
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 | $10,396,000 | $10,396,000 | $10,396,000 |
| 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 | $7,857 | $7,857 | $7,857 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $58,215 | $63,167 | $87,027 |
| Total Monthly Payment | $66,197 | $71,149 | $95,009 |
* 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.