Note: the above is based on a down payment of 20% ($5,600,000),
which is the minimum amount permitted by the building.
Description
960 Fifth Avenue, located in the mid-70's, the prime location of the Upper East Side, is among the most coveted buildings on the Avenue, facing onto Central Park. Rosario Candela designed it at the height of his career in the 1920s. His buildings are known for the expansive proportions of the rooms; lovely architectural details; large windows; high ceilings, and floor plans that allow for great entertaining flow.
Apartment 5A is on the market for only the second time since the building was built in 1927. While the residence needs a full renovation, it maintains the great bones and details of Candela's original design. The corner living room, which has views into the Park through its six windows, exemplifies expansive proportions with its measurement of 39 feet by 20 feet.
The gracious formal dining room, side by side with the living room, also faces the Park, and is of similarly generous proportion. The living room and paneled library radiate off the large, square entrance gallery. A separate wing provides privacy for the bedrooms down a wide hallway where the mahogany doors, typical of Candela's design, provide access to the four bedrooms.
The pantry, the kitchen and the separate laundry room enjoy tremendous space. The huge staff quarters which are accessed from the kitchen, also abut the bedroom hallway, providing great possibilities for the creation of a fifth bedroom, or media room. The flexibility of this floor plan will allow you and your architect to create an exceptionally gracious residence in an iconic prewar building.
The apartment is being sold with two adjacent staff rooms on the 4th floor; and it also comes with storage in the basement.
The full-service cooperative has a state of the art fitness room which is surrounded by a terrace for shareholders' use. Pets and pied-a-terres are permitted; however, financing is not. There is a 2% transfer fee payable by the purchaser.
The maintenance is $17,698.83 per month for Apartment 5A and $1,327.41 per month for the two outside staff rooms. Maintenance is billed quarterly.
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