REDUCED to $1,495,000 TRUE MINT CONDITION, 4 BEDROOM HOME WITH PRIVATE TERRACE. Owner wants to make a deal, Do you? This is a land lease building, but a great one! The lease gets adjusted every 6 years up or down depending on market conditions of the land.

The lease expires in 2097 and maintenance has only gone up $1700 over the past 7 years. A seamless combination of two apartments, approximately 2400 sq ft, has created a sprawling and one-of-a-kind 9-room home. Renovated with no detail overlooked, this quiet 4-bedroom, 3-bathroom features a spacious and sunny living room with a small private terrace, as well as a comfortable dining area which all are perfect for entertaining.

The eat-in kitchen with a separate service entrance is a chef’s dream with Poggenpohl cabinets, double stainless-steel Sub-Zero refrigerators, double Miele ovens and dishwasher, and 5-burner Wolf range. The masterfully designed primary bedroom suite includes a home office study, abundant storage, and an oversized all white Porcelanosa renovated bathroom. Completing the home, there are three additional bedrooms, all with built-ins, and two fully renovated Porcelanosa bathrooms. Beautiful hardwood oak floors and custom built-ins can be found throughout. Also, adding to the home’s many conveniences is a full-sized Maytag front loading washer/dryer, ample storage, overhead lighting with touch control in every room, plus new HVAC units with thoughtfully-designed covers. Located on East 63rd Street, just two blocks from Bloomingdale’s, this full-service post-war coop was built in 1961.

The building allows co-purchasing, guarantors, and pied-a-terre purchasing, as well as foreign national purchases. Building allows subletting. The land lease expires in 2097. and resets every 6 years. It reset in 2019. the land lease is 5% of the appraised value of the land and while it gets adjusted every 6 years.

the commercial space, garage and stores offset alot of the increase usally. Local Law 11 ends December 2021 so the scaffold will come down. 205 East 63rd Street has a lovely 24/7-attended lobby, new elevators, and an on-site parking garage. There is also a large common laundry room and storage.

When you walk outside you are in the middle of the action and great shopping and restaurants, with an array of transportation opportunities.

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