A CASTLE IN NEW YORK CITY
No need to travel abroad to experience life in a 1926 French Provincial castle, built for a shipping line owner to evoke his family's castle in Croatia. The walls are stone from ruined parts of that castle, brought as ballast in one of Mr. Cosulich's freighters. A turret features a breakfast nook on the first floor, a study off of a bedroom on the second. A huge beamed living room with a raised stone fireplace adjoins a library. The renovated kitchen features marble countertops, a Sub-Zero refrigerator, two dishwashers and sinks, a commercial Jade 8-burner two oven stove with a vented grill, and extensive new wood cabinets. A separate dining room looks out on the walled patio, as does the living room. There are 5 bedrooms and 4-1/2 baths; the master bedroom and dressing room are enclosed in the south wing above the living room.
This glorious house, designed by the famed Frank Forster, has original woodwork, bathroom tiles, his signature windows, and copper-framed screens. There is a 9-zone Mitsubishi ductless air conditioning system, 5-room plus patio Bose sound system, 4 flat-screen TVs, new recessed low-voltage lighting, and a basement carpentry shop option. To complete the picture, there is a beautiful slate roof, a 2-car garage, glorious rose bushes in the patio garden, and terraced gardens and tall trees over 0.47 acres. FIELDSTON is a landmarked district in RIVERDALE, close to the majestic Van Cortlandt Park, shopping in the Riverdale Village and on Broadway down the hill. The #1 subway line, express buses, and the Metro-North Hudson Line trains offer quick access to Manhattan, as do Route 9A and Route 87 for cars.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more