Total Est. Monthly Carrying Cost:
$4,283 ($4.76/ft2)
Note: the above is based on a down payment of 25% ($162,500),
which is the minimum amount permitted by the building.
Description
Mint Condition Gigantic 1 BR/ Conv. 2BR
Apartment 5A is an approximately 900sqft prewar 1 bedroom with the potential to be converted into 2 bedrooms. The apartment is in mint condition having just been renovated with Hickory matte wood floors, marble bathroom floors, recessed lighting and brand new windows throughout. The windowed kitchen has been rebuilt to feature an island, breakfast bar, contemporary modern appliances including a dishwasher, banquette table with built-in seating and additional storage with automatic drawers.
The care and design of the renovations cannot be emphasized enough. Sliding pocket doors have been added so that the foyer, kitchen and bathroom can be closed off from the rest of the apartment entirely or individually. The remaining doors have been restored into original fire doors which are artfully incorporated into the design of the apartment.
More practical details include a washer/dryer, completely updated electrical, built-in home office desk and a splendid wood-burning fireplace located at the western end of the living room.
535 East 72 is located in a historic 1894 landmark townhouse complex called The Black and Whites on the 72nd street cul-de-sac of the East River. Part of the living room be converted into a 2nd bedroom which was the original floor plan of 5A.
Please note, there is a 3% flip tax, and pets, pied-a-terres and through-the-wall AC are allowed. However, the board will not accept guarantors or maintenance in escrow in lieu of adequate financial recourses.
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