Property
| Ownership: | Co-op |
|---|---|
| Rooms: | 2 |
| Bedrooms: | Studio |
| Bathrooms: | 1 |
| Pets: | Pets Allowed |
Financials
Listing Courtesy of Hauseit LLC
Experience classic Art Deco elegance in this beautifully maintained prewar cooperative in the heart of Lenox Hill.
Photo 1
Description
Experience classic Art Deco elegance in this beautifully maintained prewar cooperative in the heart of Lenox Hill. From its striking 1930s faade to its grand lobby, 225 East 74th Street offers timeless New York charm.
Residence 4D is currently occupied under a rent-stabilized lease, with existing rental income of USD 400 per month. The unit is being sold subject to the existing tenancy, and interior showings are not currently available.
Building amenities include a 24-hour doorman, live-in superintendent, elevator, laundry room, bike room, private storage, and a landscaped garden. Purchasers are required to rent a basement storage unit, subject to availability.
The co-op allows up to 80% financing, pieds--terre, co-purchasing, pets, and subletting for up to 3 of every 5 years (minimum 1-year lease), subject to Board approval. Sublet fees are 30% of maintenance in year one, 40% in year two, and 50% in year three, with a possible fourth year at the Board's discretion. A 2% flip tax on purchase price, split equally between buyer and seller, applies.
Residence 4D is currently occupied under a rent-stabilized lease, with existing rental income of USD 400 per month. The unit is being sold subject to the existing tenancy, and interior showings are not currently available.
Building amenities include a 24-hour doorman, live-in superintendent, elevator, laundry room, bike room, private storage, and a landscaped garden. Purchasers are required to rent a basement storage unit, subject to availability.
The co-op allows up to 80% financing, pieds--terre, co-purchasing, pets, and subletting for up to 3 of every 5 years (minimum 1-year lease), subject to Board approval. Sublet fees are 30% of maintenance in year one, 40% in year two, and 50% in year three, with a possible fourth year at the Board's discretion. A 2% flip tax on purchase price, split equally between buyer and seller, applies.
Amenities
Bike Room; Laundry Room; Private Storage;
- Elevator
- Full time doorman
- Laundry Room
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.
