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In Contract

1 Gracie Terrace, #4D

$2,475,000 ($1,597 per ft2) | 2 beds, 2 baths | Approx. 1,550 ft2
Building Profile  | 
421 days on Market

Key Details

  • Listed: Sep 27, 2023
    Days on Market: 421
    Building Type: Cooperative
    Neighborhood: Yorkville (Manhattan)
    Doorman: FT Doorman
    Listing viewed 219 times
Monthly Maintenance: $4,320 ($2.79/ft2)
Est. Monthly Mortgage: $11,491
Total Est. Monthly Carrying Cost: $15,811 ($10.20/ft2)
Note: the above is based on a down payment of 30% ($742,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: Located in the Yorkville neighborhood, this apartment is close to Carl Schurz Park, the East River Promenade, and has easy access to the FDR Drive, the Second Ave Q subway, and East River Ferry to 34th & Wall Street. It's also near schools, gourmet food shops, and restaurants.
  • Luxurious Renovation: The apartment features a stunning renovation with direct river views, outdoor space, and an in-unit laundry room. The open windowed kitchen is equipped with high-end appliances and the living room includes a wall of custom shelving and cabinetry.
  • Spacious Bedrooms: The apartment has two bedrooms, including a primary suite with a wall of closets and a second bedroom with an ensuite bathroom and walk-in closet. Both bathrooms have been beautifully renovated with designer fixtures.
  • Building Amenities: The cooperative building offers a full-time doorman, a gym, courtyard seating area, bike room, garage, and laundry in the basement. The building is pet-friendly and has strong financials.
  • Financial Details: The apartment is listed for $2,475,000 ($1,597 per ft2) with a monthly maintenance of $4,174 ($2.69/ft2). The total taxes and fees are also $4,174 ($2.69/ft2) and there is a 2% flip tax paid by the buyer.
  • Building History: The building was built in 1952 and has 158 apartments across 20 floors. It is notable for its continuous white balconies facing the East River and is located at the end of a quiet cul-de-sac.

Description

If you are looking for a stunning renovation, direct river views, outdoor space and an in unit laundry room, you have found your new home!
Immediately upon entering this exquisite home one recognizes they are viewing an exceptional property with no expense spared in this recent renovation. The architectural detail, sweeping river views, premium finishes, custom built-ins and designer lighting make this an outstanding offering. Enjoy morning coffee, an evening cocktail or elegant entertaining on either of the two terraces easily accessible off the living and dining rooms.

Mesmerizing East, North and South river views including the city skyline and Manhattan bridges are truly stunning and fill this home with sunlight all day long.
The floorplan was redesigned to provide a better flow and open sightlines throughout the apartment.
Every surface has been touched including 7.5" Palladio French Oak floors, new windows with Silestone windowsills, replastered / painted walls, extensive custom built-ins, numerous closets with custom fittings, state of the art lighting, new upgraded electrical & plumbing as well as new thru wall air conditioners discretely hidden behind custom cabinetry.
The open windowed kitchen features elegant white cabinetry, an oversize island with a waterfall edge, Silestone countertops, a Gaggenau stove top with downdraft exhaust, Bosch Oven, Miele dishwasher, Sub-Zero refrigerator and a Sharp under counter microwave. The glass front cabinets above the island are fitted with integrated lighting so you can prominently display your collectible items.
The living room includes a wall of custom shelving and cabinetry elegantly designed to coordinate beautifully with all the other built-ins and houses a 64"Samsung TV included with the sale.
The primary bedroom suite is very quiet and comfortably accommodates a king size bed and features an entire wall of closets and built-in enclosures under the windows to discretely house the a/c and heating units.
The second bedroom includes an ensuite bathroom, walk-in closet, south and west exposures along with river and tree top views.
Both bathrooms have been renovated beautifully and contain designer fixtures, porcelain tile, heated towel holders, and custom shelving.
The entry foyer spanning 15 FT provides a gracious entrance to this home and includes a wall of closets and cabinetry for incredible storage.
The laundry room has a Miele washer and dryer along with generous storage space for all your utility items.

1 Gracie Terrace is located at the end of a quiet cul-de-sac on 82nd Street off East End Avenue and is very close to Carl Schurz Park and the East River Promenade. This luxury full service cooperative has strong financials, is pet friendly and permits Pied a terre and co-purchasing.
The building features a ground floor gym that is free of charge to shareholders, a courtyard seating area, bike room, garage, laundry in basement, additional building storage cages, recently redecorated hallways and upgrades to building elevators have been completed.

There is a 2% flip tax paid by the buyer.
Easy access to the FDR Drive, the Second Ave Q subway, East River Ferry To 34th & Wall Street as well as many wonderful schools, gourmet food shops & restaurants make this a truly unique property that is not to be missed.

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Apartment Amenities

  • City View
  • River View
Listing courtesy of Corcoran Group

Pricing History

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About 1 Gracie Terrace

78

1 Gracie Terrace has received a CityRealty Rating of 78, 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

27
Out of 44
+
21
Out of 36
+
21
Out of 39
+
9
=
78
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 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:
Attractive 2 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Free Standing 2 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:
More than 50 blocks 0 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
A Lot 0 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 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:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Very Attractive 3 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Yes, but Small 1 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 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:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • FT Doorman
  • Resident Storage
  • Full Service Garage
  • Elevator
  • Fitness Center
  • Courtyard
  • Laundry Room

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Pros
  • Close to Carl Schurz Park
  • Close to Chapin and Brearley Schools
  • Garage
  • Doorman
  • Some corner windows
  • Attractive white balconies along river
  • Overlooks the East River
  • On a cul-de-sac
Cons
  • Many apartments
  • Traffic noise from FDR Drive
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