Total Est. Monthly Carrying Cost:
$192,577 ($27.51/ft2)
Note: the above is based on a down payment of 10% ($2,900,000),
which is the minimum amount permitted by the building.
Description
This is a once in a lifetime opportunity to assemble three apartments, creating the most incredible prewar condominium Penthouse to come to the marketplace. This 1901 boutique prewar condominium offers 11’ ceilings, over sized windows, outstanding views perched high atop the legendary Leonori Condominium. This extraordinary full floor opportunity would be approximately 6,500 square feet downstairs and 1,100 square feet upstairs, including a terrace, large lounge or bedrooms depending on preference, creating approximately 7,800 square feet.
For ART collectors, the Gallery of space is endless. For the Entertainer, the Grand entertaining space with corner exposure is commanding, the sumptuous Master Bedroom suites that can be with over sized double bathrooms is all potential, along with library, media, playroom and/or 5-7 bedrooms and 8 baths, if one needs.
This is a canvas like no other. Build your dream home and collect income while you put your plans in place.
The homes each are investment-producing if needed, generating a very large positive cash flow while you brainstorm. Outstanding views from everywhere including Central Park, over thirty four 6’ windows. The building’s low common charges and real estate taxes really make this even a more fantastic investment.
The Leonori Condominium is ideally situated along Madison Avenue and East 63rd Street, one of the most coveted neighborhoods on the Upper East Side. This iconic building is a full-service offering, a 24-hour doorman, brand new lobby, brand new elevators and is in the process of being power washed. The Leonori is steps from Central Park and some of the city’s finest restaurants and boutiques, including Cipriani, Nello, Le Bilboquet, Barneys New York, Hermes, Graff, La Goulue and Bergdorf Goodman.
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