This sunny, move-in ready two-bedroom, two-bathroom apartment at The LIsola Condominium in Murray Hill offers beautiful views of the Chrysler building from three exposures and a lovely balcony off the living room. The apartment features an inviting and generously proportioned living room with oversized windows. The renovated kitchen has marble countertops, abundant cabinetry, stainless steel appliances, and a breakfast bar.
The L'Isola Condominium is a full-service luxury building with recently renovated hallways, lobby and elevators. There is an arched covered entrance, a full-time doorman/concierge, fitness center with sauna, laundry room, and landscaped garden with BBQ. Ideally situated between 3rd Avenue and Lexington, it is one block from the 6 train, a short distance to Grand Central (4,5,6,7 and S trains), Trader Joe's, Equinox, AMC Theater, multiple Citi Bike stations and the East River Ferry.
Kips Bay, once described by the NY Times as a “resolutely urban hybrid,” is a combination of modern high-rises, older condo buildings and brownstone-lined side streets, situated among a multitude of shops, bars and restaurants. Despite the bustling bar scene on Third Avenue, Kips Bay, bordered on the north by Murray Hill and on the south by Gramercy Park, has a reputation for being low-key and unpretentious. Kips Bay residents appreciate the area’s relatively economical rents, low crime rate and easy commute to other neighborhoods, and ease of access to the FDR, NYU institutions and hospitals on its eastern border.
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