A Grandiose apartment in a 35ft wide Mansion rarely available is now on the market. This palatial condo elevatored apartment on one of the most exclusive blocks in NYC. This lavish duplex and loft-like hideaway is flooded with light pouring in from large windows. Entertain in this historic home with the finest of limestone detail. This three-bedroom condominium features 11 feet ceilings. On the fourth floor, the dramatic Great Room is lined with oversized west-facing windows that offer incredible light and a wood-burning fireplace. The corner master suite includes an oversized bathroom, walk-in closet, and extensive additional storage. On the fifth floor, a chef's kitchen opens to a dining area with a second fireplace. A full bath is beautifully fitted to also serve as a powder room and an additional two bedrooms. There are hardwood floors and pearwood cabinetry, with artful provision for storage at every juncture. The overall feeling is one of space and splendor, yet with complete privacy. The former Duke Mansion just to the west provides a lovely but low balustrade view and affords vistas of Central Park
3 East 78th Street, designed by Charles Pierrepont Henry Gilbert (1861-1952), was erected circa 1899 for Edmund C. Converse during the same period that Gilbert designed the nearby Isaac Fletcher House at East 79 Street and Fifth Avenue, now the Ukrainian Institute. Gilbert was also the architect for the Felix Warburg Mansion, now the Jewish Museum, and the Otto Kahn palazzo, now the Convent of the Sacred Heart. Located in one of the most prestigious locations on the Upper East Side, across from Central Park and near The Metropolitan Museum of Art, this limestone French Gothic confection is six stories high and frosted in lacy carvings, finials, and Gothic fantasy. In 1964, 3 East 78th Street was converted from a private residence to a Condo.
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