342 East 50th Street Apt: 3B
New York, NY 10022
Cross street:Second Avenue

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: Condo
Rooms: 3
Bedrooms: 1 BR
Bathrooms: 1
Pets: No Pets Allowed

Financials

Price:$537,000
Common charges:$433
Real estate tax:$625
Financing Allowed:90%
Minimum down:$53,700
505 Park Ave, New York, NY 10022
Listing Courtesy of The Corcoran Group

One of Midtown East's most compelling condo opportunities, this bright and distinctive one bedroom combines exceptionally low common charges, low real estate taxes, and an investor friendly ownership policy a ...

Description

One of Midtown East's most compelling condo opportunities, this bright and distinctive one-bedroom combines exceptionally low common charges, low real estate taxes, and an investor-friendly ownership policy - a rare combination in the neighborhood.

Set within an intimate three-story prewar brownstone condominium on a quiet, tree-lined residential block, the apartment offers a warm, loft-like character highlighted by a massive skylight and vaulted ceiling that flood the main living space with natural light throughout the day.

The open kitchen is remarkably well equipped, featuring a large island/breakfast bar, stone countertops, generous cabinetry, and an impressive suite of appliances. The kitchen includes a highly energy-efficient two-burner induction cooktop with dedicated exhaust ventilation, dishwasher, refrigerator with built-in icemaker, and two microwaves - one featuring an air-fryer function for added cooking versatility. A dedicated under-counter reverse-osmosis (RO) water filtration system provides filtered drinking water right at the kitchen. In-unit washer/dryer adds another level of everyday convenience.

The quiet bedroom comfortably accommodates up to a king-size bed - as currently furnished - and offers generous closet storage. The updated full bathroom is another standout, featuring its own skylight and bringing natural light into a space where it is rarely found.

The boutique three-story condominium retains the charm and character of its prewar architecture while offering beautifully updated common areas. Ideally situated in Midtown East near the United Nations, the home is surrounded by restaurants, cafés, shopping, neighborhood conveniences, and excellent public transportation.

With unusually low carrying costs, dramatic natural light, two skylights, a vaulted ceiling, in-unit washer/dryer, a thoughtfully equipped kitchen, and flexible investor-friendly ownership, this is a unique opportunity for a primary residence, pied-à-terre, or investment property.

Please note: Select images have been virtually staged for visualization purposes to help illustrate the apartment's potential. The flooring has also been virtually presented in a light white-oak finish; the apartment's current flooring features a grey and white tone. No structural changes are represented in the staged images.

Contact me for additional details, current-condition photos, or to schedule a private showing.

Amenities

  • Is New Development
  • Washer / Dryer
  • Voice Intercom

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.