Incredibly spacious 1 bedroom, 1.5 bathroom in a pre-war condominium now available for rent at 40 East 61st Street. Measuring approximately 1,200 square feet, this south-facing apartment has hardwood floors, beamed ceilings and fantastic closet space. The living and dining room is generous enough to accommodate multiple seating areas and also has a windowed alcove to create an at-home work space or quiet reading nook. The galley kitchen has white cabinetry and full size appliances including a dishwasher. The king-sized bedroom suite has plenty of room for additional furnishings in addition to an en suite five-piece bathroom with a separate room for the water closet and bathtub, and 3 floor-to-ceiling closets. There is also a powder room off of the foyer and three additional closets. 40 East 61st Street Condominium is a full service pre-war condominium in an elevator building located in Lenox Hill. Built in 1928 and converted in 1963, it consists of 36 units over 20 floors and has a live-in superintendent and central laundry. Conveniently located less than 2 blocks from Central Park, 3 blocks from the N, R, W, 4, 5, and 6 trains, and amidst some of the city's finest luxury retailers and boutiques, notable restaurants and so much more. Condo application required. Tenant in place, 24 hours notice required to show.
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