Total Est. Monthly Carrying Cost:
$13,180 ($6.94/ft2)
Note: the above is based on a down payment of 40% ($960,000),
which is the minimum amount permitted by the building.
Description
This mint condition pre war apartment must be seen to fully appreciate the sprawling layout! Approximately 1,900 sq/ft showcases a comprehensive and meticulous renovation. A masterful combination of 2 units with multiple exposures yields an apartment with 2 wood-burning fireplaces, a state of-the-art eat in kitchen, an absolutely giant master suite with wood burning fireplace, gorgeous bath, and third bedroom/study/office/dressing room en suite.
The dining room can accommodate everyone for the holidays, and there is enough storage to make a suburban house envious! Thoughtful touches abound - all of the closets are completely built out and cedar lined, there is a sophisticated gallery style lighting system throughout, and original built in bookcases and china closets. The massive living room features a wood burning fire place, Venetian plaster walls, and border inlay floors.
All of the moldings have been replaced and all of the walls and 9' beamed and coved ceilings have been beautifully restored. The entire apartment faces south into the trees onto sunny East 22nd street. ALL charges for electricity, including air conditioners, are included in the maintenance.Built in 1931 during the heyday of elegant apartment construction, Gramercy House could be a case study of how to operate and maintain a pre-war building.
Everything - from the period lobby to the stairwells to the roof - reads impeccable. There is a substantial lushly planted residents garden on 22nd street complete with teak furniture, a fountain, and tall shade trees. There is also a bike room, a rooftop deck with sweeping Northern views, and a large common laundry room with new equipment.
The attentive staff receives accolades from the residents. The building financials are strong and 60% financing is permitted. Pets are permitted on with the exception of certain breeds.
All in a vibrant neighborhood 2 blocks from Gramercy Park and convenient to everything.
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