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Bright and airy top floor D-line at incomparable 480 Park Avenue. Unlike lower floor apartments in this line, this 2-bed, 2-bath home has views and sunlight. The living room and primary bedroom face West, with views of the Sherry Netherland.
The second bedroom faces east with views over Park Avenue. There are also extra north windows in each bedroom, a feature for only the highest floors in the building.
Approximately 1, 500 sq feet with pre-war features including high ceilings, wood burning fireplace, herringbone wood floors, gracious entry foyer and superb closet space. There is also a vented washer/dryer.
480 Park Avenue, designed by legendary architect Emory Roth in 1929, boasts a majestic lobby, soaring roof garden which can accommodate private parties, 24-hour staff and concierge, resident manager, central laundry and complimentary fitness center. Storage space is available through the building at no additional cost.
Pied a terres permitted and the building is foreign buyer friendly. Electricity is included in the low monthly charge. 2% Flip Tax. Pets case by case.
Center of the world location! Steps from Central Park, the Plaza Hotel, top restaurants, museums and shopping on Madison and Fifth Avenues.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
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 |
|
---|---|---|---|
Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,987 | $6,659 | $8,847 |
Total Monthly Payment | $6,112 | $6,784 | $8,972 |
* 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.