This triple-mint renovated two-bedroom residence is ideally located at Park Avenue and East 73rd Street, occupying the coveted front south corner of a full-service prewar cooperative. Recently featured on the cover of New York Cottages & Gardens March/April 2025 edition, the residence was fully redesigned by Alexander M. Reid, with no expense spared to create a stunning turnkey home.
The entry foyer leads to a gracious gallery, accentuated by custom wall paneling, ceiling beams, and lacquered doors with custom brass hardware by Lowe of Maine.
The bright, south-facing living room enjoys exceptional sunlight throughout the day and features custom built-ins, shelving, and ample storage. All crown, picture, and chair-rail moldings and millwork displayed throughout the residence were crafted on-site. A ventless Hearth Cabinet firebox, framed by an antique limestone surround, anchors and defines the living space.
Adjacent to the living room is an inviting and perfectly square windowed dining room adorned with a hand-painted mural by Gracie Studio. Two sets of glass-paneled French doors connect the space, one leading to the living room and the other to the kitchen.
The oversized windowed eat-in kitchen evokes the charm of a country home, with deep green cabinetry that contrasts perfectly with terracotta tile flooring. Top-of-the-line appliances are by Viking and Sub-Zero, including an induction range, washer and dryer, and hardware throughout the apartment is by Waterworks.
The western wing of the home includes two generous bedrooms with views of Park Avenue, each with an en-suite bath. The primary bedroom enjoys dual south and west exposures, filling the space with natural light that enhances the ivory-toned Holland & Sherry wallcoverings. There is an en-suite walk-in closet and a beautifully renovated windowed bathroom with marble tones. The second bedroom is currently utilized as a den/library and directly overlooks the impressive Candela facades across Park Avenue. There is also a full en-suite bath and double closets.
There is a deeded generous storage unit that is included in the sale of the residence and is conveniently located right outside of the apartment in the service hallway.
785 Park Avenue is a full-service cooperative built in 1940 and lodged on the corner of Park Avenue and East 73rd Street. There is a landscaped roof deck overlooking some of New York's most iconic apartment buildings. Additional amenities include a fully equipped fitness room, a central laundry room, private storage, and bike storage. There is full-time doormen, live-in superintendent and the building permits pets, pieds-a-terre, and 50% financing. The flip tax is 2% and payable by the purchaser.
As featured on New York Cottages & Gardens: https: //cottagesgardens. com/tour-a-tailored-apartment-in-a-pre-war-building-on-park-avenue/
Designed by Alexander M. Reid: https: //www. alexandermreid. com/parkavenue
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
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 | $11,356 | $12,641 | $16,877 |
Total Monthly Payment | $11,481 | $12,766 | $17,002 |
* 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.