Bring your architect to design your unique apartment. The effort will be well worth it. A gracious entry foyer leads to a living room with a south facing view of elegant townhouses on landmarked 71st Street. The large formal dining room can be used as a third bedroom or den or combined with the adjacent windowed kitchen/pantry for contemporary style dining. There is plumbing in place for a powder room off the foyer. Each bedroom has double exposure (SW and NW) and its own full bath. The master bath has a window. The building's entrance is flanked by a magnificent planted garden. There is a full-time door staff, resident manager, adjacent garage, children's playroom and fitness center. It was designed as a coop in 1959 by Sylvan and Bob Bien. The elevators and the lobby have been recently renovated to meet 21st Century standards. The east 70's has great restaurants, many gourmet food shops, sophisticated fashion boutiques, and antique stores. Central Park and many world famous museums are moments away. 2% flip tax paid by buyers.
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