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Listing Courtesy of Hauseit LLC
$ 500,000
Est. payment | /mo
1 Bath
$ 500,000
Est. payment | /mo
1 Bath
Key Details
Property Type Single Family Home
Sub Type coops
Listing Status Active
Purchase Type For Sale
Subdivision Upper East Side
MLS Listing ID RLS20113565
Style Prewar
Full Baths 1
HOA Fees $1,542/mo
HOA Y/N Yes
Year Built 1938
Property Sub-Type coops
Property Description
Experience classic Art Deco elegance in this beautifully maintained prewar cooperative in the heart of Lenox Hill. From its striking 1930s faade to its grand lobby, 225 East 74th Street offers timeless New York charm.
Residence 4D is currently occupied under a rent-stabilized lease, with existing rental income of USD 400 per month. The unit is being sold subject to the existing tenancy, and interior showings are not currently available.
Building amenities include a 24-hour doorman, live-in superintendent, elevator, laundry room, bike room, private storage, and a landscaped garden. Purchasers are required to rent a basement storage unit, subject to availability.
The co-op allows up to 80% financing, pieds--terre, co-purchasing, pets, and subletting for up to 3 of every 5 years (minimum 1-year lease), subject to Board approval. Sublet fees are 30% of maintenance in year one, 40% in year two, and 50% in year three, with a possible fourth year at the Board's discretion. A 2% flip tax on purchase price, split equally between buyer and seller, applies.
Residence 4D is currently occupied under a rent-stabilized lease, with existing rental income of USD 400 per month. The unit is being sold subject to the existing tenancy, and interior showings are not currently available.
Building amenities include a 24-hour doorman, live-in superintendent, elevator, laundry room, bike room, private storage, and a landscaped garden. Purchasers are required to rent a basement storage unit, subject to availability.
The co-op allows up to 80% financing, pieds--terre, co-purchasing, pets, and subletting for up to 3 of every 5 years (minimum 1-year lease), subject to Board approval. Sublet fees are 30% of maintenance in year one, 40% in year two, and 50% in year three, with a possible fourth year at the Board's discretion. A 2% flip tax on purchase price, split equally between buyer and seller, applies.
Location
State NY
County New York
Interior
Interior Features Storage
Furnishings Unfurnished
Fireplace No
Laundry Building Inside, Common Area, None
Exterior
Exterior Feature Building Storage, Private Outdoor Space Under 60 Sqft, Storage
View Y/N No
Private Pool No
Building
Dwelling Type None
New Construction No
Others
Ownership Stock Cooperative
Monthly Total Fees $1, 542
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY