Note: the above is based on a down payment of 50% ($2,625,000),
which is the minimum amount permitted by the building.
Description
Situated in one of Park Avenue’s finest white-glove prewar co-operatives, this palatial eleven into ten room home has four bedrooms and four bathrooms. With nearly 69 feet of frontage on Park Avenue, the residence boasts timeless elegance with 10’2" ceilings, an abundance of original prewar architectural details and a wood burning fireplace.
Off a semi-private elevator landing is an elegant entrance gallery from which all of the grand entertaining rooms flow. There is an impressive 17’3" by 28’6" living room which has two oversized windows facing east with picturesque treetop views over Park Avenue.
The stunning room houses the wood burning fireplace. Also off the gallery through French doors is the formal dining room which provides the perfect space for gatherings. There is a windowed eat-in kitchen with excellent storage including two pantry closets as well as a separate oversized breakfast room.
Off the kitchen are two staff rooms; one has been made into a windowed laundry room with a sink and the other is used as sleeping quarters. In the hallway is a full bathroom with a bathtub. Two large coat closets complete the public space.
The bedrooms begin with an extraordinary primary suite that faces east over Park Avenue with treetop views.
It has an en-suite windowed bathroom and a dressing room with three closets and built-in dressers. There are three additional large bedrooms or two and a library and two windowed bathrooms.
The building allows 40% financing and there is a 1.5% flip tax.
888 Park Avenue is ideally located in one of Manhattan’s most desirable residential areas on the west side of Park Avenue between 78th and 79th Street. Built in 1926 by the renowned architectural firm of Schwartz & Gross, the building has full-time doormen, a live-in resident manager, a fitness center and every tenant-shareholder has use of a storage bin.
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