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Residence 14B at 350 East 57th Street, also known as Sutton Hall, is a distinguished high-floor residence in a boutique prewar cooperative, offering a blend of classic elegance and modern comfort. Spanning approximately 2, 255 square feet, this corner apartment is one of only 32 in the building, ensuring a sense of exclusivity and privacy. Upon entering, a semi-private vestibule leads to a 20-foot entrance gallery with gorgeous marble flooring from Italy in the pattern based on the Church of San Giorgio Maggiore in Venice. The foyer flows seamlessly into a spacious living room and formal dining room, both adorned with oversized windows that provide abundant natural light and offer north and west-facing vistas. The apartment retains many original prewar details, including a wood-burning fireplace which now has a stunning marble mantel, high beamed ceilings, and beautiful hardwood flooring, while incorporating modern updates for comfort and convenience. The sun-filled eat-in kitchen, which was expanded from the original maid's room, is a Chef’s dream! Featuring a Wolf Stove, a center island, lengthy marble counter tops, two sinks, incredible cabinet and storage space. The kitchen features three north-facing windows, a windowed banquette, and dining space for up to six people. The apartment has a Miele Washer and dryer, adding to the home's functionality The private quarters consist of three generously sized bedrooms, including a sunny corner primary with a large shower and heated floors and two customized closets including a walk-in. A secondary full bathroom services the second and third bedrooms, both of which are spacious and feature large custom closets. Additional amenities include through-the-wall air conditioning in every room, electric blinds and private storage that conveys with the apartment. Sutton Hall is a full-service prewar cooperative located in the desirable Sutton Place neighborhood of East Midtown. The building permits financing up to 50% and pets are welcome. This residence offers a rare opportunity to own a piece of New York City's architectural history, combining timeless design with modern amenities in a coveted location. Sutton Place is a beautiful, peaceful enclave surrounded by river front parks along the East River with convenient access to the airports, Long Island and downtown. Convenient shopping nearby includes Whole Foods, Trader Joe’s, and Morton Williams nearby, along with wonderful fine & casual dining venues and world class shopping. There is also easy access to the newly opened East River Greenway.
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William Raveis Mortgage, LLC
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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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.750% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.865% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,513 | $12,972 | $17,013 |
Total Monthly Payment | $11,638 | $13,097 | $17,138 |
* 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.