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1040 FIFTH AVENUE, APARTMENT 3A This glamorous and graceful twelve-into-ten room residence is ideally situated in the heart of the Metropolitan Museum Historic District. Designed by Rosario Candela, this corner residence is awash in southern and western light throughout the day and boasts beautiful tree-lined views of Central Park through oversized windows. The majestic sweep of this home epitomizes grace and elegance. Accessed via a private elevator landing, the elegant Gallery opens to a marvelous corner Living Room, featuring southern and western exposures, nearly 30 feet facing Fifth Avenue, and a wood-burning fireplace. Adjacent, the generous Dining Room shares the same delightful leafy Central Park outlooks. Nearby, the handsome wood- paneled Library overlooks leafy East 85th Street. Beyond, a spacious eat-in Kitchen is supported by a separate Breakfast Room, a Laundry Room, and a Staff Room with a full bath. A Powder Room completes the grand and welcoming sweep of the entertainment rooms. Serene private quarters include a vast south-facing Primary Bedroom (originally two separate bedrooms) with two large ensuite bathrooms and an expansive walk-in closet. There are two additional Bedrooms, both generous in size and with ensuite baths and very ample closets. Incorporating many of the stunning design elements as well as the sublime proportions and scale that distinguish the great buildings of the early twentieth Century in New York City, this apartment is endlessly appealing and recalls an era of understated elegance and privilege. Rosario Candela’s enduring and iconic 1929 design is notable for its limestone façade, inventive detail, and its magnificent assemblage of truly splendid simplex and duplex apartments. Residents benefit from the highest level of service and discretion, as well as private storage rooms. One of New York’s most prestigious addresses since its inception, 1040 Fifth Avenue continues to set the standard for timeless elegance and classic design. Please note that financing is not permitted. There is a 2% flip tax payable by the buyer, and purchases under trusts are allowed, subject to legal and board approval. Pets are welcome.
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:
$12,000,000
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 | $9,600,000 | $9,600,000 | $9,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $53,757 | $57,557 | $80,363 |
| Total Monthly Payment | $53,882 | $57,682 | $80,488 |
* 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.