New York (Lenox Hill), NY, 10065 | $420,000

FULLY renovated bright, sun-filled oversized alcove studio which can easily be converted to a ONE bedroom is located in a full-service 24-hour doorman Coop in the heart of the Upper East Side. (PLEASE read full description!) -- The spacious living area can easily accommodate a dining table and home-office setup. The alcove is large enough for a queen size bed with nightstand(s) and the wall of windows allows for excellent natural light throughout the day with an open view. -- The renovated kitchen features brand new stainless-steel appliances including a 24" built in microwave, Quartz countertops, a large pantry closet and 2 Lazy Susan's. -- The bathroom is stylishly renovated and includes 2 storage cabinets, and a large closet. Additional features: Updated electrical throughout, new plumbing, S/E exposure, an abundance of 5 closets with storage above; sanded and stained parquet wood floors in a walnut finish, new light fixtures and freshly painted. You can move right in! Regarded as one of New York City’s best LAND LEASES, the terms are locked in for the next 99 YEARS with an ongoing monthly special assessment of $697. 56 which is paid towards the ground lease. 70% financing allowed and the building has a significant TAX DEDUCTIBLE due to it being a land lease. Centrally located at the corner of 61st & Lex on a beautiful tree-lined block, enjoy incredible access to numerous bus routes and subways including the N/Q/R/W/4/5/6/F trains. Central Park, Bloomingdales, Fifth Avenue shops and incredible restaurants and nightlife are all at your doorstep. Not to mention Trader Joe’s and Whole Foods are nearby as well. The building allows pieds-a-terre, co-purchasing, gifting, foreign buyers and parents purchasing for children with board approval. Subletting: Leases are allowed after a year of ownership and is limited to 2 years. The building Flip tax is 3%.

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