7 Park Avenue, #5B, New York (Murray Hill), NY, 10016 | $429,000

South-Facing Prewar Studio with Beautiful Modern Updates at 7 Park Avenue

Move right into this charming south-facing studio where thoughtful modern renovations blend seamlessly with classic prewar character. Beautifully updated throughout, the apartment features renovated flooring, a refreshed kitchen, and an updated bathroom, creating a turnkey home that requires minimal effort from its next owner. Original architectural details, including charming prewar arches, have been preserved, adding warmth and timeless appeal.

A welcoming entry foyer serves as a practical mudroom and transition space, leading to exceptional storage, especially for a studio. Two generously sized closets, including a walk-in closet, provide ample room to unload and stay organized before stepping into the versatile living area. The south-facing living space offers numerous layout possibilities for living, dining, sleeping, and working from home. Both the kitchen and bathroom feature their own windows, providing natural light and ventilation.

Located in the distinguished Emery Roth-designed 7 Park Avenue, residents enjoy white-glove service with a 24-hour doorman, concierge, roof deck, package room, and bike storage. Pied--terres and pets are welcome, and subletting is permitted after three years. A wonderful opportunity to enjoy classic Park Avenue living with many major updates already in place, where you can settle in comfortably and seamlessly make the space your own.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 22
  • Amenities: Bike Room; Garage; Laundry Room; Roof Deck; Common Storage;
  • Rooms: 2
  • Baths: 1 full
  • Complex: Seven Park Avenue, The
  • Year Built: 1930
  • Pet Policy: Pets Allowed
  • Building Access : Attended Elevator
  • Service Level: Full Service
  • Concierge: Yes
  • Doorman: FullTime
  • LobbyAttendant: Yes
  • OLR#: RLS20095698
  • Days on Market: 46 days
  • Website: https://www.raveis.com
    /prop/RLS20095698/7parkavenue_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 New York Casas Ltd

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

7 Park Avenue, #5B, New York (Murray Hill), NY, 10016

$429,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $343,200 $343,200 $343,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.615% 5.952%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,055 $2,167 $2,850
Total Monthly Payment $2,130 $2,242 $2,925

* 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.