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GRAND PREWAR OVERLOOKING PARK AVENUE
JUST LISTED! Elegant, sprawling and grandly proportioned, Residence 3C at 570 Park Avenue is a stately 3-bedroom, 4-bathroom home in beautiful condition with approximately 60 feet of direct Park Avenue frontage in a sophisticated full-service prewar cooperative on the prime Upper East Side.
A semi-private landing opens into a grand 23-foot gallery, where eastern light filters in from the Park Avenue-facing windows to the east. Spanning 24 feet, the living room is anchored by a wood-burning fireplace with an intricate marble mantel and overlooks Park Avenue from above the tree line, showcasing charming prewar architecture beyond the lush avenue medians through a wall of oversized noise-cancelling windows which are found throughout the home. Immediately adjacent, there is a handsome wood paneled library also facing Park Avenue. Originally designed as a large formal dining room, the library is situated just across the gallery from the kitchen and is beautifully scaled, offering flexibility of use and entertaining.
The windowed eat-in kitchen is perfectly located directly opposite the entertaining space. It is massive in size and appointed with black granite countertops, a large breakfast counter, customized floor to ceiling cabinetry and fabulous storage. There are double sinks, two Viking wall ovens, a Thermador gas range, a large Sub-Zero refrigerator with double freezer drawers and a full-sized Bosch dishwasher. The kitchen opens to a sizable separate dining area, beyond which is a marvelous den/home office with a huge en-suite bathroom equipped with a tub shower and a washer and vented dryer.
Serenely situated in the south wing of the home are three sizable and contiguous bedroom suites, the largest of which is the sprawling primary bedroom suite which faces east over Park Avenue. The primary suite features a spacious en-suite bathroom dressed in white honeycomb flooring and classic subway tiles on the wall, with an oversized vanity and a glass-enclosed stall shower. There are two closets, one of which is a walk-in. The second bedroom across the hall is currently being used as a lavish dressing room and features its own en-suite windowed bathroom as well. The third bedroom, currently used as a guest bedroom, is luxuriously proportioned throughout and includes a large walk-in closet and an oversized en-suite windowed bathroom.
Built in 1916, 570 Park Avenue is a handsome pre-war cooperative designed by renowned architect Emery Roth for developers Bing & Bing. The building was designed to harmonize with its neighbor, The Colony Club, and rises from a two-story white marble base with a red brick facade adorned with intricate terracotta detailing. Residents enjoy a full-time doorman, a live-in resident manager, a fitness center, central laundry, and bicycle storage as well as assigned private storage. From this prime Park Avenue address, Central Park, Madison Avenue shopping and dining, and the city's leading cultural institutions are all mere moments away. Pets are permitted. Financing is allowed up to 50%, and there is a flip tax of 3% due of 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:
$5,400,000
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 | $4,320,000 | $4,320,000 | $4,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $24,528 | $26,249 | $36,455 |
| Total Monthly Payment | $24,653 | $26,374 | $36,580 |
* 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.