433 East 51st Street Apt: 2F
New York, NY 10022
Cross street:First Avenue

Building

Type:Mid-rise
Era:Post-war
Floors:13

Property

Ownership: Co-op
Rooms: 4
Bedrooms: 1 BR
Bathrooms: 1
Pets: Pets Allowed

Financials

Price:$735,000
Maintenance:$1,852
Financing Allowed:80%
Minimum down:$147,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Brown Harris Stevens Residential Sales LLC

Maintenance includes electricity a huge savings !

Description

Maintenance includes electricity - a huge savings! In addition this seller is offering a 5 year Maintenance Credit of $500.40 per month (reflected in the advertised maintenance of $1,852).

This gracious one-bedroom corner residence offers charm, scale-and a touch of Europe. With lush Southgate garden views, graceful archways, high beamed ceilings, a wood-burning fireplace, French doors, and hardwood floors, this renovated beauty is the perfect place to call home.

Enter through a welcoming gallery offering two closets and opening to both the living room and windowed kitchen each overlooking the renowned gardens of Southgate.

The large eat-in chef's kitchen is outfitted with top-tier appliances including Bertazzoni, Liebherr, and Miele, and offers abundant counter space and cabinetry, plus a full-size washer/dryer for added convenience.

The living room's elegant wood-burning fireplace serves as its centerpiece-perfect for cozy evenings-and is enhanced by decorative archways, French doors and integrated central air conditioning (PTAC unit). A thoughtfully designed custom Murphy bed provides additional flexibility for the occasional guest.

A private hallway with a large walk-in closet leads to the expansive corner bedroom, which enjoys north and west exposures, additional garden vistas, and its own walk-in closet.

The renovated windowed bathroom features a deep soaking tub and heated towel rack.

Designed by the renowned architect Emory Roth in collaboration with developers Bing and Bing, 433 East 51st Street is a part of the Southgate community which comprises five pre-war, full-service cooperative buildings situated within the tranquil enclave of Beekman Place. Bordering the East River and adjacent to the pet-friendly Peter Detmold Park, a distinctive feature of this complex is its beautifully maintained park-like private gardens. These lush, landscaped areas provide residents with serene green spaces, enhancing the community's appeal and offering a peaceful retreat from the bustling city environment.

Additional Building Amenities: Full-Time Door Staff, Resident Manager, Laundry Room, Bike Room, Private Storage (as available), and On-Site Management

Additional Highlights: Electricity is Included in Maintenance (a significant savings), 80% Financing and Guarantors Allowed, Pied-à-Terre Ownership and Subleasing are Allowed. This is a Pet-Friendly Community

Financial Details:

-A 5-year maintenance credit of $500.40 per month is being offered by the seller (a $30,024 credit at closing); this is reflected in the $1,852 advertised maintenance
-A capital improvement assessment of $292.50 through July 2027 will be paid off by the seller at closing
-As an added incentive, the seller will pay half of the building's 2% flip tax, reducing the buyer's portion to just 1%

Whether as your primary residence or a sophisticated pied-à-terre, this special prewar home is a rare find-offering both grace and grandeur in one of Manhattan's most historic and beloved neighborhoods.

Amenities

Bike Room; Garden; Laundry Room; Roof Deck; Private Storage;
  • Washer / Dryer
  • Attended Elevator
  • Attended Lobby
  • Elevator
  • Garden
  • Laundry Room
  • Roof Deck

Neighborhood

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RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.