150 East 61st Street, 7E

Upper East Side   |   Lexington Avenue & Third Avenue

Co-op [Full-Time Doorman]
$ 1,649,000
Rooms 5
Bedrooms 2
Bathrooms 2
Status Active
Maintenance [Monthly] $ 3,179
Financing Allowed 70%
Listing ID: 1628881

Jason Bauer

License

Manager, Lic. Associate RE Broker

Request More Information

Property Description

First 3 months of free tax and maintenance offered by the seller! Fully Furnished apartment, friendly and reasonable Board, your MOVE-IN would never be easier! Best land-lease terms in the entire city! Lease Terms just renegotiated and stable for another 87 years! Easy Board! Pristine and perfect home with a downtown- LOFT vibe that is cool and contemporary, light-filled and totally renovated in one of the best locations in the city in a full-service 24/7 doorman building. With a chef's open kitchen including top-of-the-line appliances, including a wine fridge and built-in coffee center, a split bedroom layout, generous closets throughout, a large washer/dryer and a magnificent fireplace that is the focal point of your living space, you will not want to miss this gorgeous apartment. Instead of having to navigate supply chain delays of a year or more and cost increase in renovating up to this quality, you can move right in and enjoy living with the highest-end finishes similar to those you would find in a new construction condo. Please note that, while this is a land-lease building, this building does not come with the usual issues found with one. The land-lease was renegotiated in 2010 and runs for another 88 years until 2109, with no additional rent escalations. This is a very favorable land lease with a scheduled decrease in 2025 and all remaining future adjustments based on the consumer price index (which is substantially less than many coops maintenance increases). The current monthly carrying costs for this apartment is $3,179 for maintenance and $1,622 for the lease assessment which cumulatively comes to $2.95/square foot, right in line with the current median carrying costs of a condo in NYC of about $3.00/square foot. An additional bonus is that all necessary capital improvements and upgrades have been done and paid for by the building already – these include new central air-conditioning equipment and risers, local law 11 exterior work, new sidewalks and tree pits, new roofs, upgraded and modernized elevators and renovated lobby and hallways. 150 East 61st Street is a well-run, full-service, pet-friendly cooperative with a 24-hour doorman, live-in super, fitness room, laundry room, bicycle room, private storage and on-site parking garage. The building is situated on the corner of 61st Street and Lexington Avenue, with easy access to Central Park, numerous transportation options (including N/Q/R/W/4/5/6/F trains). Pied-a-terre, foreign purchasers, co-purchasing, gifting, and parents purchasing are all permitted with board approval along with 70% financing.
First 3 months of free tax and maintenance offered by the seller! Fully Furnished apartment, friendly and reasonable Board, your MOVE-IN would never be easier! Best land-lease terms in the entire city! Lease Terms just renegotiated and stable for another 87 years! Easy Board! Pristine and perfect home with a downtown- LOFT vibe that is cool and contemporary, light-filled and totally renovated in one of the best locations in the city in a full-service 24/7 doorman building. With a chef's open kitchen including top-of-the-line appliances, including a wine fridge and built-in coffee center, a split bedroom layout, generous closets throughout, a large washer/dryer and a magnificent fireplace that is the focal point of your living space, you will not want to miss this gorgeous apartment. Instead of having to navigate supply chain delays of a year or more and cost increase in renovating up to this quality, you can move right in and enjoy living with the highest-end finishes similar to those you would find in a new construction condo. Please note that, while this is a land-lease building, this building does not come with the usual issues found with one. The land-lease was renegotiated in 2010 and runs for another 88 years until 2109, with no additional rent escalations. This is a very favorable land lease with a scheduled decrease in 2025 and all remaining future adjustments based on the consumer price index (which is substantially less than many coops maintenance increases). The current monthly carrying costs for this apartment is $3,179 for maintenance and $1,622 for the lease assessment which cumulatively comes to $2.95/square foot, right in line with the current median carrying costs of a condo in NYC of about $3.00/square foot. An additional bonus is that all necessary capital improvements and upgrades have been done and paid for by the building already – these include new central air-conditioning equipment and risers, local law 11 exterior work, new sidewalks and tree pits, new roofs, upgraded and modernized elevators and renovated lobby and hallways. 150 East 61st Street is a well-run, full-service, pet-friendly cooperative with a 24-hour doorman, live-in super, fitness room, laundry room, bicycle room, private storage and on-site parking garage. The building is situated on the corner of 61st Street and Lexington Avenue, with easy access to Central Park, numerous transportation options (including N/Q/R/W/4/5/6/F trains). Pied-a-terre, foreign purchasers, co-purchasing, gifting, and parents purchasing are all permitted with board approval along with 70% financing.

Listing Courtesy of Serhant

Care to take a look at this property?

Apartment Features

A/C
Washer / Dryer
Washer / Dryer Hookups
150 East 61st Street Upper East Side New York NY 10065

Building Details [150 East 61st Street]

Ownership Co-op
Service Level Full-Time Doorman
Access Elevator
Pet Policy Pets Allowed
Block/Lot 1395/50
Building Type Mid-Rise
Age Post-War
Year Built 1960
Floors/Apts 16/128

Building Amenities

Bike Room
Garage
Laundry Rooms
Party Room
Private Storage

Building Statistics

$ 889 APPSF

Closed Sales Data [Last 12 Months]

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.