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In Contract

225 East 74th Street, #5M

$550,000 | 1 bed, 1 bath
Building Profile  | 
920 days on Market

Key Details

  • Listed: Jun 16, 2022
    Last Price Change: ($25,000) on Jun 29
    Days on Market: 920
    Building Type: Cooperative
    Neighborhood: Lenox Hill (Manhattan)
    Doorman: PT Doorman
    Listing viewed 552 times
Monthly Maintenance: $2,086
Est. Monthly Mortgage: $2,921
Total Est. Monthly Carrying Cost: $5,007
Note: the above is based on a down payment of 20% ($110,000), which is the minimum amount permitted by the building.

Description

Step into the elegance of this classic 1930s Art Deco cooperative, nestled in the heart of the Upper East Side on 74th Street between 2nd and 3rd Avenues. This well-maintained building welcomes you with a warm, inviting lobby, complete with a fireplace, setting the tone for the unique charm and character that awaits inside.

This north-facing, 1-bedroom apartment is bathed in natural light, with high ceilings and an open layout that offer a wealth of possibilities for renovation. The apartment’s pre-war details, including the step-down living room and spacious bedroom with corner windows, provide a perfect canvas to create your dream home.

Upon entry, you are greeted by a proper foyer lined with ample closet space.

The foyer leads to a generously sized living room on the left, perfect for entertaining or relaxing. Directly ahead is a windowed kitchen with room for a cozy dining area, while the bedroom and windowed bathroom lie just beyond the living room.

This full-service, pet-friendly building offers a host of amenities, including a 24-hour doorman, live-in resident manager, courtyard garden, laundry facilities, rentable storage, and a bicycle room. The building also allows in-unit washer/dryers upon approval.

Located just one block from Equinox and with easy access to the 2nd Avenue subway and the 6 train, you’ll enjoy the convenience of nearby dining and shopping, including the iconic JG Melon right on the corner.

Pieds-a-terre, parents purchasing for children, and subleasing are permitted with Board approval. Up to 80% financing is allowed, and the 2% flip tax is shared equally between buyer and seller.

Embrace the opportunity to renovate and customize this pre-war treasure in one of Manhattan’s most sought-after neighborhoods.

First few photos are virtually staged.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 225 East 74th Street

52

225 East 74th Street has received a CityRealty Rating of 52, 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

21
Out of 44
+
23
Out of 36
+
8
Out of 39
=
52
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 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:
Yes and Good 2 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 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:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 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:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 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:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 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:
None 0 out of 1 points
Door Person:
Yes 1 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:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1980
  • PT Doorman
  • Washer/Dryer in building
  • Elevator

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Pros
  • Excellent masonry detailing
  • Art Deco-style, pre-war building
  • Good, central Upper East Side location
  • Excellent local shopping
  • Convenient to many elegant restaurants
  • Not far from subway station and Lenox Hill Hospital
  • Sidewalk landscaping
  • Good cross-town bus service
  • Central Laundry room
  • Pet friendly
Cons
  • Fire escapes
  • No health club
  • No balconies
  • Many apartments
  • One-step-up entrance
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Subways

  1. 6
at Lexington Ave 0.23 miles

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