Ideally located on East 74th Street, this fresh approach to a large classic six cooperative apartment combines both the lovely prewar details with a more modern floorplan. The generous entry foyer opens to a bright square shaped living room with wood burning fireplace and custom built-in bookshelves. The south-facing living room is adjacent to a spacious dining room which has been opened to a renovated kitchen with ample storage and top of the line appliances including Sub-Zero refrigerator, Miele stove, oven, and dishwasher. There is a private bedroom hallway off the entry foyer that allows for ideal separation between the public and private rooms in the apartment. The large and peaceful corner master bedroom has townhouse views, custom built-ins, two closets - one of which is walk- in, and an en-suite renovated bath. The oversized south facing second bedroom also has a walk-in closet and an en-suite renovated bath. Currently being utilized as a playroom, the double sized staff room off of the kitchen, with en-suite bathroom, can be a proper third bedroom. Prewar details include herringbone floors, 9 foot ceilings, lovely crown moldings, and hardwood floors throughout. The apartment gets wonderful light, is pin drop quiet, has generous closet space, and a washer/dryer. 168 East 74th Street is a boutique full-service building that permits pets and 50% financing. The 2.5% flip tax is payable by the buyer. A storage bin also conveys with the apartment. On a quiet and quaint tree-lined block, this classic apartment is not to be missed!
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