New York (Lenox Hill), NY, 10065 | $1,850,000

Classic Park Avenue elegance meets modern comfort in this beautifully appointed two-bedroom, two-bathroom residence at the distinguished condominium, 525 Park Avenue. Accessed via a semi-private vestibule, this quiet and gracious home offers approximately 10-foot ceilings, rich hardwood floors, and oversized windows on north, south, and east exposures that fill the apartment with natural light throughout the day. Thoughtfully laid out for both comfortable living and entertaining, the residence combines pre-war scale and character with contemporary updates. The windowed kitchen features abundant custom cabinetry, marble countertops, premium stainless steel appliances, and a convenient secondary service entrance. Open to the living and dining areas, it creates an inviting space for everyday living and hosting alike. Privately situated in its own wing, the spacious primary bedroom enjoys lovely corner exposures and excellent natural light. A windowed en-suite bathroom with a soaking tub enhances the retreat-like feel. The generously sized second bedroom offers flexibility as a guest room, home office, or library and is complemented by a beautifully renovated second full bathroom. Building permits in-unit W/D and through-the-wall/central AC with board approval. Designed in 1915 by the renowned architectural firm Schwartz & Gross in the Italian Palazzo style, 525 Park Avenue is one of Park Avenue's premier full-service condominiums. Residents enjoy white-glove amenities including a 24-hour doorman, concierge, live-in resident manager, fitness center, and private storage. Perfectly positioned at the corner of Park Avenue and 61st Street, the building is moments from Central Park, Madison Avenue shopping, acclaimed restaurants, Museum Mile, and convenient transportation options. Flexible ownership permits financing, LLCs, and trusts. Purchaser to pay a working capital contribution equal to one month's common charges and one month's real estate taxes.

Features

  • Town: New York
  • Levels: 15
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 100.420000x99.000000
  • Laundry: Common On Floor,Common Area
  • Year Built: 1915
  • Common Charge: $2,453 Monthly
  • Approx Sq. Feet: 1,000
  • Est. Taxes: $13,980
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher
  • MLS#: RLS20099607
  • Days on Market: 12 days
  • Website: https://www.raveis.com
    /prop/RLS20099607/525parkavenue_newyork_ny?source=qrflyer
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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 Compass   Phone: (212) 913-9058

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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
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New York (Lenox Hill), NY, 10065

$1,850,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,480,000 $1,480,000 $1,480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $1,165 $1,165 $1,165
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,403 $8,873 $12,489
Total Monthly Payment $9,693 $10,163 $13,779

* 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.