Total Est. Monthly Carrying Cost:
$16,981 ($6.84/ft2)
Note: the above is based on a down payment of 20% ($544,000),
which is the minimum amount permitted by the building.
Description
Welcome home to 16AB at 5th on the Park! This stunning 5-bedroom, 4-bathroom apartment embodies the essence of beauty and minimalistic living. All 2,556 square feet of this home overlook park and city views and are filled with the gentle glow of Northern and Western light streaming in through its wrap-around windows.
As you enter 16AB, you are immediately mesmerized by views of Mount Morris Park through the library/sitting room, sensibly designed to convert to a bedroom with a Murphy bed and a sliding wall and door. To your left is a giant loft-like living and dining area.
The open windowed kitchen is beautifully done and equipped with Miele appliances, a separate refrigerator and freezer, wine cooler, large stove, convection oven, wide sink, quartzite center island and countertops, glass-paneled cabinetry, and a lavish pantry. This space was made for entertainment with boundless space, separation, and a bathroom from the sleeping areas in the adjacent wing.
As you make your way down the wide center hallway, all four secondary bedrooms are well-aligned with closet space and northern views, along with two more bathrooms with luxury finishes. At the end of the hallway is the primary bedroom featuring space for a quaint reading area, along with a massive walk-in closet and a lavish en-suite bathroom with a his-and-her vanity, a soaking tub, a walk-in shower, and luxurious finishes like Fantini-Balocchi faucets.
The remaining bathrooms all have the same Italian finishes. 16AB is equipped with a Creston home automation system that controls lights, music, HVAC, and shades all from your smartphone or various panels throughout the home.
5th On the Park, located in Mount Morris Park of South Harlem, is the true definition of a full-service luxury condominium. State-of-the-art amenities are endless, including a 24-hour attended lobby, a fitness center, a heated indoor pool, a furnished terrace, a community room, a children’s playroom, bicycle storage, on-site parking, and a live-in resident manager.
The building was built in 2009 and has a 421-A Tax Abatement until 2031. There is currently a monthly capital assessment of $589 through 2024.
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