Perfectly situated on East 62nd Street between Fifth and Madison Avenues, this grandly scaled full-floor condominium residence is situated atop one of Manhattan's finest residential landmarks, the Drexel Mansion. The Horace Trumbauer designed limestone Facade and original Reception Hall with elaborate architectural detailing greet you and lead upstairs to this very special abode.
Immediately upon entry one is impressed by the scale of the rooms, original intact architectural details, and old world elegance of this very special space. Available for the first time in more than 30 years, this magnificent and grandly scaled residence is ready to be reimaged by your architect and designer.
The grand Living Room with soaring 11.80 ceilings has stunning tall French windows with original wrought iron balconies, and a wood burning fireplace with period mantelpiece. Beyond there is an elegant Dining Room and an adjacent Kitchen.
The oversized Master Bedroom suite has lovely leafy views over the historically significant Mansions that East 62nd Street is known for. Beyond, there are several additional bedrooms, several bathrooms, and an enormous second Living Room/Library.
This one-of-a-kind residence retains the magnificence and grandeur of the Horace Trumbauer original design for Mr. Drexel, and is ready to be modernized and reimagined to suit your lifestyle. This is an exceptionally rare opportunity to create a full floor condominium masterpiece just off Fifth Avenue.
The Spencer Condominium is a full service, white glove condominium which offers residents 24 hour Doorman service.
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