Opportunity to own a classic New York City apartment with European charm and a grand, protected view. 12E has 2 bedrooms and 2 full baths. It feels like a Parisian salon mixed with the character of a pre-war, Manhattan apartment. The layout makes it feel like a home. Steps lead up to the living room with a working fireplace and tall, built-in bookcases. The ceilings are 10' 6 but feel like 12' due to the steps. Enjoy glamorous views of the Queensborough Bridge and the famous Tramway connecting Manhattan and Roosevelt Island from your own Living Room!
Both bedrooms have ensuite bathrooms and generous storage. The renovated, windowed kitchen has French subway tiles and granite countertops with a back entrance that leads to the service elevator. The entry hall serves as a lovely entrance to this warm residence and adds to an overall feeling of privacy. Beautiful wood doors with decorative knobs and wall-thru air conditioning is throughout the apartment.
400 East 59th Street is an elegant, full service building with friendly doormen and staff that make it welcoming. It is conveniently located near Whole Foods, the express subway, Bloomingdales, fine decorative shopping & the 59th Street Bridge. Pied a terres and pets are allowed with board approval. The reasonable maintenance includes basic cable and electricity. There is no flip tax and 75% financing is permitted.
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