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An absolute gem! A prewar loft CONDO on Fifth Avenue overlooking Central Park. Truly "downtown uptown", this loft has ceilings that soar over 12 ft throughout and an airy floor plan ideal for living and entertaining. Tastefully renovated and move-in ready, this spacious 907 square foot one bedroom home offers sun-splashed expansive living room with beamed ceilings and oversized double hung windows that frame breathtaking, direct views of Central Park. The high ceilings not only enhance the sense of space and light but also offer generous wall space, perfect for displaying your favorite artwork. The graciously proportioned primary bedroom, also Park facing, offers custom outfitted walk in closet. There is a through-wall heating and cooling separately controlled in the bedroom as well as in the living room. The renovated marble bathroom features an attractive double sink vanity and large windows. There is a washer/dryer in the unit. The windowed kitchen boasts custom cabinetry, granite countertops and premium stainless steel appliances including Fisher and Paykel refrigerator. Abundant storage including two large walk in closets completes this wonderful home. This space is the perfect blend of convenience and tranquility. Explore the flowers in the Conservatory Gardens 2 blocks from the apartment, or stop for coffee at the Cafe at the New York Academy of Medicine on your way to visit the Museum of City of New York. Enjoy the birds on the Harlem Meer's gorgeous lake while fishing! And, newly-opened in April is the Davis Center, a project overseen by Central Park Conservancy, featuring larger than Olympic size swimming pool and enhanced green spaces, waterway and floating boardwalk. Located on Museum Mile, 1255 Fifth is a unique prewar condominium built in 1925. With 8 floors and 59 apartments, this full service condominium offers residents a 24- hour doorman, a concierge, a live-in resident manager. Building amenities include a fitness room, a pretty planted roof garden, and a laundry room on each floor. There is also private storage in the basement as well as bicycle storage. Pets are permitted. The 2/3 express and 6 trains are just a few blocks away and the Fifth Avenue local and express buses stop directly across the street. There is currently an assessment of $630. 16 for Local Law 11 work. Owner broker
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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 | $956,000 | $956,000 | $956,000 |
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 | $851 | $851 | $851 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,503 | $6,201 | $8,132 |
Total Monthly Payment | $6,479 | $7,177 | $9,108 |
* 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.