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In Contract

The Black & Whites, 531 East 72nd Street, #3B

$450,000 | Studio, 1 bath
View Full Building Profile  | 
98 days on Market

Key Details

  • Listed: Jan 30, 2024
    Days on Market: 98
    Building Type: Cooperative
    Neighborhood: Lenox Hill (Manhattan)
    Listing viewed 551 times
Monthly Maintenance: $1,324
Est. Monthly Mortgage: $2,488
Total Est. Monthly Carrying Cost: $3,812
Note: the above is based on a down payment of 20% ($90,000), which is the minimum amount permitted by the building.

Description

The tree-lined cul-de-sac of East 72nd Street – between Sotheby’s headquarters on York Ave and the cobbled East River overlook – is one of those special enclaves in Manhattan that seems a world away, yet only a stone’s throw away from the action. On the north side of the very end, you’ll find four connected antique brick townhouses – 527-541 East 72nd Street, which were gutted, redesigned, and the bricks painted flat black in late 1930’s. Stylish then, and now a well-established residential co-op, often referred to as "The Black and Whites” due to now-iconic black brick, white trim, and red door facades.

Over the years, apartments have been combined and modified, and the co-op has housed many distinguished residents. Notably, soon after The Paris Review moved its operations there in 1973, it became a hub for many of New York’s illustrious literati. Apartment 3B has been primarily used as a writer’s cottage by a Pulitzer Prize-winning author. Offered for the first time in decades, it offers an imposing 24-foot studio space with four gloriously large south-facing windows.

It is warm, atmospheric, and brimming with intellectual history. There coveted details such as high 9-foot ceilings, a classical wood-burning fireplace, hardwood floors, and an oblique view of the East River. Configured as a private work environment, there are two walls of built-in bookcases, an alcove for files, and multiple closets.

The galley kitchen features a Gaggenau oven, gas cooktop, GE dishwasher, a brand-new fridge, and a lovely terracotta-tiled floor. The adjacent dining area has an interior-facing window, and there is a windowed, marble-tiled full bath with tub/shower. The four large windows in the Great Room are retro-fitted with interior city-windows for extra sound-proofing and increased concentration.

There is a discreet window a/c. If desired, the apartment could easily reconfigure to a one-bedroom layout. The 72 River Tenant’s Corporation, incorporated in 1972, is a non-doorman, non-elevator building with convenient key fob entry. Apartment 3B is only two short flights up. Overall, in the four buildings, there are 43 residential apartments, serviced by a skilled live-in building manager who will accept resident’s packages.

There’s also a bike room and central laundry room. Pied a terres, washer/dryers, and pets are allowed. Generous 75% financing is permitted, and there is a 3% flip tax.

Basement storage bins, when available, can be rented.

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Apartment Amenities

  • City View
Listing courtesy of Sothebys International Realty

Pricing History

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About The Black & Whites, 531 East 72nd Street

49

The Black & Whites, 531 East 72nd Street has received a CityRealty Rating of 49, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

16
Out of 44
+
25
Out of 36
+
8
Out of 39
=
49
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
6-10 Short Blocks 1 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Pre War
  • Walk Up
  • Resident Storage
  • Laundry Room
  • Bike Room
  • Live-In Superintendent

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Pros
  • Elegant location overlooking the East River
  • Good cross-town bus service a block away at York Avenue
  • Many major hospitals nearby
  • Sidewalk landscaping
  • Cheery red entrance doors with white trim
  • Surrounded by several luxury apartment towers
Cons
  • Dead-end street
  • Fire escapes
  • No garage
  • No health club
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Subways

  1. F
at West Rd and Unnamed 0.50 miles

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