Description

By appointment only. Spacious 1 bedroom / 1 bath apartment on the ‘TOP' floor in prime Lenox Hill. 17G is an amazing light filled apartment on the 17th floor. The living room boasts extra windows along 63rd Street with northern & western exposure. The apartment has hardwood floors, a tiled bathroom, is newly painted and has a large walk-in closet. The kitchen is original and is larger than most of the G lines in the building due to there not being an electric meter closet on the 17th floor. (The kitchen can also be opened up and expanded into the walk-in closet area to create a larger kitchen or build a breakfast bar and additional cabinet space. – Inquire for more details.) Great opportunity to create a penthouse oasis for an unbeatable price in the neighborhood. 301 East 63rd Street is conveniently located 1 block away from the subway, 3 blocks from the water and about 10 minutes from Central Park (the zoo is at 64th). Enjoy easy proximity to Bloomingdale's, Trader Joe's, Whole Food and day to day shops + favorite restaurants like JoJo by Jean-Georges, Scalinatella, Le Bilboquet and many casual hot spots and outdoor dining. Building amenities include: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (1 dog up to 40lbs – cats ok) and a landscaped Roof Deck (can be rented privately by shareholders). There is NO maintenance increase for 2022 (9th consecutive year of no maintenance increase despite increases in labor, taxes and supply costs across the city). Heat, water and gas are also included in the maintenance. The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing (pending board approval). Sublets permitted. 301 East 63rd Street is NOT A LANDLEASE. The land IS OWNED BY THE COOP. The maintenance includes principal and interest payments for the ‘mortgage on the land from the land purchase'. The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. All recent capital improvements have been paid for with reserves – NO ASSESSMENTS currently or planned. The original mortgage from the land purchase was $51,000,000. The corporation refinanced the amount of $39,800,000 on March 11, 2020 at a “FIXED RATE of 3.4%” for 10 years with a 30 year amortization schedule. There is also an option to extend for an additional 5 years at a specifically defined formula. The mortgage balance was $37,781,685 by EOY 2021. As per the recent shareholder meeting the balance is $36,880,000 as of July 31, 2022. Bulk rate cable & internet are offered at $61.34 through Spectrum to shareholders who opted in to the program – opt in opportunities occur one time per year. There is a bulk rate deal on electricity as well. Total shares in the co-op are 135,879. The commercial space that Health Nuts and the parking garage occupy also offer income to the coop since the space is leased. Financials available upon request. **For more details SEE building description. Some images in this listing are virtually staged. Listing courtesy of Sotheby's International Realty, Inc. ...
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