301 East 63rd Street, 16F

Upper East Side   |   Second Avenue & First Avenue

Price Drop
Co-op [Full Service]
$ 475,000 [ 4.81% | $ 24,000 ]
Rooms 4
Bedrooms 2
Bathrooms 1
Status Active
Maintenance [Monthly] $ 4,437
Financing Allowed 85%
Listing ID: 1532886

Property Description

Welcome home to Lenox Hill in this amazing light filled corner unit on the 16th floor. This apartment boasts both Southern & Western exposure. 16F is a renovated 2-bedroom split layout with an open kitchen, combined living / dining space, foyer and four custom closets including a large walk-in closet. There are windows in both the kitchen and bathroom. The kitchen includes a Carrara Marble breakfast bar, Carrara Marble countertops, tiled backsplash and stainless-steel appliances. Tiled bathroom with marble accents and Brazilian cherry hardwood floors. 301 East 63rd Street amenities: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (up to 40lbs) and a landscaped Roof Deck (can be rented privately). The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing (pending board approval). Sublets permitted. 301 East 63rd Street is NOT a land lease building. The land is owned by the coop. The maintenance includes principal and interest payments for the mortgage on the land from the land purchase (301 used to be a land lease building). The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. There is no maintenance increase for 2022 (9th consecutive year despite increases in labor, taxes and supply costs). Heat, water and gas are also included in the maintenance. All capital improvements have been paid for with reserves – NO Assessments currently or planned. The original mortgage from the land purchase was in excess of $51,000,000. The corporation refinanced the amount of $39,800,000 on March 11, 2020 at a “ FIXED RATE of 3.4%” for 10 years with a 30 year amortization schedule. There is also an option to extend for an additional 5 years at a specifically defined formula. The mortgage balance was$37,781,685 by EOY 2021! Bulk rate cable & internet offered at $61.34 through Spectrum to shareholders. Bulk rate deal on electric as well.
Welcome home to Lenox Hill in this amazing light filled corner unit on the 16th floor. This apartment boasts both Southern & Western exposure. 16F is a renovated 2-bedroom split layout with an open kitchen, combined living / dining space, foyer and four custom closets including a large walk-in closet. There are windows in both the kitchen and bathroom. The kitchen includes a Carrara Marble breakfast bar, Carrara Marble countertops, tiled backsplash and stainless-steel appliances. Tiled bathroom with marble accents and Brazilian cherry hardwood floors. 301 East 63rd Street amenities: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (up to 40lbs) and a landscaped Roof Deck (can be rented privately). The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing (pending board approval). Sublets permitted. 301 East 63rd Street is NOT a land lease building. The land is owned by the coop. The maintenance includes principal and interest payments for the mortgage on the land from the land purchase (301 used to be a land lease building). The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. There is no maintenance increase for 2022 (9th consecutive year despite increases in labor, taxes and supply costs). Heat, water and gas are also included in the maintenance. All capital improvements have been paid for with reserves – NO Assessments currently or planned. The original mortgage from the land purchase was in excess of $51,000,000. The corporation refinanced the amount of $39,800,000 on March 11, 2020 at a “ FIXED RATE of 3.4%” for 10 years with a 30 year amortization schedule. There is also an option to extend for an additional 5 years at a specifically defined formula. The mortgage balance was$37,781,685 by EOY 2021! Bulk rate cable & internet offered at $61.34 through Spectrum to shareholders. Bulk rate deal on electric as well.

Listing Courtesy of Sotheby's International Realty, Inc.

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Apartment Features

A/C
301 East 63rd Street Upper East Side New York NY 10065

Building Details [301 East 63rd Street]

Ownership Co-op
Service Level Full Service
Access Elevator
Pet Policy Pets Allowed
Block/Lot 1438/1
Building Type Mid-Rise
Age Post-War
Year Built 1958
Floors/Apts 16/166

Building Amenities

Bike Room
Common Storage
Garage
Laundry Rooms
Roof Deck
WiFi

Building Statistics

$ 500 APPSF

Closed Sales Data [Last 12 Months]

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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