Sunny, bright, and spacious are perfect words to describe this 1bedroom/1.5bathroom apartment in the exclusive area of Sutton Place South. Enter through a formal entry with a powder room, oversized living room, windowed kitchen, dining area with a built-in bar, master en suite bath, and closets galore. This apartment is a corner line with West and North exposures. Maintenance includes air conditioning and utilities. There is a $25 monthly assessment. 2% flip tax paid by buyer. 45 Sutton Place South is one of Sutton Places most sophisticated and well run full service coops. The full time staff includes doorman, concierge, and live in resident manager. There is a newly renovated lobby, hallways, fitness center, and laundry room. There is a garage in the building and a beautiful roof deck with 360 degree views. Washer/Dryers and Pied-a-Terre's are permitted with Board Approval. Sorry no dogs!
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