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Experience the epitome of luxury living in this expansive two-bedroom, two-bathroom residence at the prestigious Element Condominium. Perched on the 11th floor, this sophisticated home boasts floor-to-ceiling windows that frame breathtaking views of Midtown’s iconic skyline and lush greenery, creating a serene, park-like ambiance. Designed for those who appreciate refined living, the residence is bathed in natural light from its coveted southern and eastern exposures, highlighting the soaring nine-foot ceilings and rich four-inch white oak floors. The grand foyer sets an elegant tone, leading to a stunning open-concept kitchen—a masterpiece of modern design. Outfitted with top-of-the-line appliances, including a Sub-Zero refrigerator, a separate wine refrigerator, Bosch stove and dishwasher, a Kohler sink, and Caesarstone countertops, this culinary haven is finished with custom Italian cabinetry and a sleek breakfast bar that seamlessly connects to the sun-drenched corner living room. The expansive primary suite is a tranquil retreat, nearly matching the size of the living area, featuring a custom walk-in closet and a spa-inspired en suite bath. Indulge in a Zuma soaking tub, separate glass-enclosed shower, and dual vanity with exquisite marble countertops—an oasis of relaxation. The generous second bedroom also includes a walk-in closet and is complemented by a beautifully appointed full bath just across the hall. Additional conveniences include a Bosch stacked washer and dryer, ensuring effortless city living. For savvy investors, this property presents an exceptional opportunity, with a tenant in place through July 2026, providing $7350 until 07/31/25 and $7, 500/month until 07/31/26 in rental income. Please note, ongoing scaffolding next door is expected to be removed by end of April 2025, further enhancing the already impressive light and views. Residents of The Element enjoy an unrivaled collection of amenities, designed to elevate everyday living. Indulge in a private fitness and well-being spa, complete with a 60-foot lap pool, children's pool, hot tub, and massage treatment room. Stay active with a state-of-the-art fitness center, yoga and Pilates studio, indoor basketball and squash courts, or unwind within the 12, 000 square feet of lush outdoor space, featuring a great lawn, social lounge, and meditation garden. Nestled just west of Columbus Circle, The Element offers effortless access to world-class shopping, dining, and entertainment, with Central Park, The Shops at Columbus Circle, and Lincoln Center all just moments away. Multiple subway lines ensure seamless connectivity throughout the city. Discover a life of luxury, comfort, and convenience in this spectacular home. Showings by appointment only, with a minimum of 48 hours' notice.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,895,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.761% | 6.764% | 6.560% |
Monthly Tax Payment | $2,182 | $2,182 | $2,182 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,968 | $9,707 | $13,102 |
Total Monthly Payment | $11,275 | $12,014 | $15,409 |
* 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.