Prewar Condo On Park Ave
Spectacular opportunity to own a high floor prewar condominium on Park Avenue. The spacious 2562 square foot apartment has handsome original herringbone floors, 10' high ceilings and four exposures.
A private landing opens into an elegant gallery, which has a powder room and opens onto the West facing living and dining rooms overlooking Park Avenue. The gracious living room has beautiful wood paneling and custom built-ins, as well as a decorative fireplace. Flowing off the living room through double doors is the formal dining room, which can easily accommodate parties of 18. The windowed eat-in kitchen opens off the dining room. The kitchen has two wall-ovens, a four-burner stove, subzero refrigerator/freezer and ample counter-space and storage. A bright breakfast area occupies the east wing of the kitchen and enjoys wonderful natural light. A laundry room with side-by-side washer/dryer complete the kitchen. Behind the kitchen is a staff room/home office with a private en-suite bathroom.
Also off the gallery is the spacious library, which has two walls of custom-closets and faces East; this room could easily function as an additional bedroom. The private bedroom wing off the gallery leads to a sumptuous corner master suite and additional secondary bedroom. The secondary bedroom faces South and has two generous closets; this bedroom shares a full bathroom with the library/3rd bedroom. The Southeast corner master bedroom has beautiful natural light and open city views, as well as a windowed dressing room with two large closets, one of which is a walk-in. The marble master bathroom has two windows, a soaking tub and separate stall shower.
Designed by renowned New York architects Schwartz & Gross, 525 Park Avenue is a boutique 14-story white-glove building built in 1914 and converted to condominium in 1989. Ideally located in the East 60's, residents enjoy the conveniences of transportation, restaurants, and shopping coupled with the close proximity to Central Park.
Manhattan’s Upper East Side extends from 59th St. to 96th St., east of Fifth Avenue and is known as one of the most prestigious neighborhoods in the city. The neighborhood consists of stylishly restored old mansions, luxury high rises, stately townhouses, and several of the best co-ops and condos in Manhattan. This district includes access to some of the finest public schools as well as elite private schools like The Dalton School and The Brearley School. Central Park is a quick westward stroll away. Art lovers will find that they can walk to their favorite museums, namely The Metropolitan, The Guggenheim, The Frick, and The Whitney. They can also visit the famous auction houses of Christie’s and Sotheby’s. Posh boutiques and upscale intimate restaurants enhance the area’s elegance.
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