Azure, which is one of the most sophisticated new residential buildings in New York, has just announced that Chase and Wells Fargo are now financing loans for buyers, joining HSBC mortgage Corporation as preferred lenders.
This luxury building was developed by The Mattone Group and The DeMatteis Organizations. Doug Maclaury, Senior Vice President of The Mattone group is quoted as saying "we are excited to be in a position to offer more borrowing options to buyers."
This increased choice of lenders will greatly benefit purchasers as both Chase and Wells Fargo will lend up to 80% of the loan to value. They are also offering their full range of loan products including variable and fixed rate mortgages for up to 30 years, while HSBC offers considerable expertise with international buyers.
Karen Mansour, Executive Vice President of Douglas Elliman Developments said "this new availability of financing further supports the increased velocity and dollar volume of sales at Azure in the first quarter." It's certainly a vote of confidence from these three major lenders, and is easy to see why.
Azure is located at 333 E. 91st Street and purchasers can choose from two, three or four bedroom residences. The two-bedroom residences range from 1,198 ft.² to 1,487 ft.², while the three bedrooms residences are 1,810 ft.². Four bedroom residences are over 3000 ft.², and there are also two, four-bedroom penthouse residences.
Residences have been designed by SLCE Architects to make the most of natural light with ceiling heights of up to 11 feet. The kitchens are fitted with high-end appliances and there is Brazilian wood flooring throughout. There are panoramic city and East River views from the building and over 6300 ft.² of amenity space.
This includes a fitness center, two landscaped roof terraces, a residents lounge with private dining room and a children's playroom. There is a 24-hour concierge and a full-service valet.
The location is pretty spectacular too, as it's just minutes away from parks, museums and art galleries and boutiques and world-class public and private schools. The building has a 421a ten-year tax abatement, and purchasers don't pay any mortgage tax.