Fully Furnished apartment, friendly and reasonable Board, your MOVE-IN would never be easier! Best land-lease terms in the entire city! 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 $2,890 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.

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