In Magnificent condition, 208 East 62nd Street is a four-story, single-family townhouse built in 1870 with a lush south-facing garden, originally designed by esteemed landscape artist Edwina Von Gal. The house is on the most desirable south side of East 62nd Street, a tree-lined street quieter than neighboring blocks. There is a plaque on the side of the house giving the history of this historic neighborhood, which comprises the Treadwell Farm Historic District, as it was once a working farm. The garden level, which has a formal and service entrance from the street, has a formal dining room with floor to ceiling windows and dual French doors opening to the garden. A spacious well-equipped eat-in kitchen with a butler's pantry is also accessible by the service entrance from the street. The kitchen has a Subzero refrigerator, Miele dishwasher, a reverse-osmosis water filtering system and custom designed cabinetry that is repeated in the butler's pantry, where an elevator services all floors from the cellar to the top floor. The parlor floor boasts 11+ foot ceilings in the gracious living room which overlooks the garden. An intimate, mahogany-paneled library overlooks the tree-lined street. The house was designed with entertainment in mind and no detail has been spared to make hosting as effortless as possible. Features include five zones of air-conditioning, a central music system, Nulux art lighting and humidifier systems for art, as well as four exquisite wood-burning fireplaces that have been newly fitted with variable fan inducers. On the third floor, the Master bedroom receives lovely southern light through three large windows and boasts a striking 19th-century working fireplace. A spacious dressing room, outfitted with custom cabinetry, leads into a marble-clad Master bathroom with double sinks, central tub, and a large two head shower stall, with a separated toilet and bidet. An additional north-facing bedroom is accessible from the bathroom and hall.The fourth floor houses a sun-filled bedroom with a charming Juliet balcony and bathroom on the garden side. There is an additional bedroom at the front of the house with a fully operative marble fireplace, walk-in closet, and en-suite bathroom. The impeccable 930 square foot cellar holds spacious storage, a staff bathroom, and laundry room. The mechanicals are in excellent condition and there is a window in the basement providing natural light. It is dry, well insulated and in perfect condition. With
Manhattan’s Upper East Side extends from 59th St. to 96th St., east of Fifth Avenue and is known as one of the most prestigious neighborhoods in the city. The neighborhood consists of stylishly restored old mansions, luxury high rises, stately townhouses, and several of the best co-ops and condos in Manhattan. This district includes access to some of the finest public schools as well as elite private schools like The Dalton School and The Brearley School. Central Park is a quick westward stroll away. Art lovers will find that they can walk to their favorite museums, namely The Metropolitan, The Guggenheim, The Frick, and The Whitney. They can also visit the famous auction houses of Christie’s and Sotheby’s. Posh boutiques and upscale intimate restaurants enhance the area’s elegance.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more