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Active - Apartment for sale

870 Fifth Avenue, New York, NY

3 bds|3 bth|2,400 sqft

Facts & features

Apartment Property type
1052 days on Beycome
1949 Year built
$1,165 Price/Sqft.
$6,862/mo HOA

Why you’ll love it

  • Renovated
  • Walk-in closet
  • Balcony

Experience stately living and timeless grandeur at 870 Fifth Avenue with this magnificent, sprawling three bedroom, three and a half bath apartment on the Gold Coast of Fifth Avenue. Perched like an aerie high above on the 18th floor of a gracious white glove building, this residence boasts an elegance and grace that stands in stark contrast to today's cramped cookie-cutter apartments. Enter into a large and gracious gallery ideal for displaying your priceless art, and which leads directly into the massive corner living room featuring a decorative fireplace, and sweeping vistas of the southern and eastern skylines and drowning in sunlight. The oversized formal dining room, featuring eastern and northern exposures, helps make this home ideal for those who relish being gracious hosts. The dining room leads to a third bedroom/study, complete with original wood-paneling and its own private en suite bath. Whether you wish to retire to the great room for group entertaining or repair to the study for a quiet brandy, this home suits every entertainer's whim and need. The bedroom wing features a split layout with unparalleled size, grandeur, and closet space, and each of the two massive bedrooms suites feature en suite baths and their own access points to the balcony that runs the entire length of the grand apartment. The primary suite also features direct access to the terrace, large enough for a seating area, and featuring amazing views of Central Park to the south and west. Storage abounds with numerous closets, multiple walk-in closets, and additionally a large storage unit trades with the sale. A guest's powder room in the gallery, and the ability to add W/D round out the space. The option to restore this home to its original grandeur, or completely transform it to your more modern aesthetic make this the perfect opportunity for those wishing to paint their vision on a truly spectacular canvas. <br><br>Built in 1949, 870 Fifth Avenue is one of the premier, white-glove buildings on the Gold Coast of Fifth Avenue, and is the epitome of sophisticated Upper East Side living. Shareholders enjoy the gracious staff, full-time doorman and concierge service, live-in super, a magnificent Art Deco lobby with a private garden, crowning roof deck with sweeping panoramic views, a renovated and well-appointed gym, renovated laundry room, bike room, and dedicated storage for every unit. Pets are allowed, Pied-a-Terre purchases are permitted, the building allows up to 50% financing, and a 3% Flip Tax is paid by the Purchaser. <br><br>The prime location does not get any better with the most elegant shops and charming cafes which line Madison Avenue. The 5th Avenue Express and Local bus are right across the street, as well as the 66th Street crosstown bus direct to Lincoln Center. The closest subway is the 6 Train on 68th Street and Lexington.The proximity to Central Park, the most famous Museums, elegant restaurants and the legendary Madison Avenue shopping make this location one of the finest of New York City. Please note that there is a monthly assessment of $2024.92 through January 2024.

Translating description...

Listed by: Jed Lewin • (212) 235-1123 • The Agency Brokerage

Co-listed by: Monica Park • (347) 633-1145 • The Agency Brokerage

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Affordability

$1,815,000$3,775,000
1%20%
0%90%
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Estimated monthly payment

$20,995/mo

  • Mortgage$14,133
  • Property tax$0
  • HOA fee
  • Homeowners insurance
Due at closing$2,222,025
Down payment held in escrow$559,000
Closing costs$41,925
beycome credit Est.$55,900

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$2,795,000 Listed price

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$55,900 Credit back

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