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BACK ON MARKET - THE APARTMENT HAS BEEN EMPTIED OUT AND FRESHLY PAINTED
Coveted Classic 6 on Park Avenue
Off a semi-private landing, an elegant welcoming gallery connects the living room, dining room, and bedroom hallway. The gracious living room has two impressive oversized windows overlooking Park Avenue. A beautiful gas fireplace with marble mantel serves as the central focal point of the room. High beamed-ceilings, hardwood floors, and prewar details complete this wonderful space. Across the gallery a generous dining room with handsome built-ins and lovely details is ideal for entertaining. The spacious windowed eat-in kitchen has full LG appliances and an ample pantry with washer/dryer and plentiful storage. Beyond the kitchen is a staff room with an en suite windowed bath.
Two large bedrooms are off a private hall. The primary is spacious with double windows offering lovely Park Avenue views. A generous dressing area leads to an oversized en suite bath with a tub, separate walk-in shower and sink. The second bedroom is also sizable with great proportions. It has a windowed en suite bath.
The apartment has hardwood floors, prewar details, high beamed-ceilings, through-the-wall air conditioning, tremendous closets and storage, and is in very good condition.
975 Park Avenue, built in 1929 is a medium-sized established cooperative with 66 apartments on 16 floors. The building has a 24 hour attended entrance, gym, bike room, private storage, a resident manager and friendly staff. The building is managed by Douglas Elliman Property Management. There is a 2. 5% flip tax.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,995,000
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 | $2,396,000 | $2,396,000 | $2,396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,604 | $15,144 | $20,219 |
Total Monthly Payment | $13,729 | $15,269 | $20,344 |
* 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.