NO BOARD APPROVAL, NO INTERVIEW, just under half of maintenance is tax deductible, making for low, net after tax ownership cost, approximating rent for equivalent UES space! Perfect opportunity to buy pied a terre, with no red tape. LR floor to ceiling windows with sliding door to balcony.
Currently configured as a bright 1-bedroom, 1-bathroom, this convertible 2 bedroom corner unit boasts a private balcony, a built-in home office, an in-unit washer/dryer, and a thoughtful open plan layout. From a spacious entryway foyer adorned with a large closet the home flows into an expansive living and dining area. The living room leads directly onto a private balcony that overlooks a quiet courtyard while the dining room sits adjacent to a beautiful kitchen equipped with granite countertops and a suite of stainless steel appliances. The bedroom possesses a pair of closets—one of them a walk-in—as well as direct access to the home’s full bathroom.
Set in the heart of the Upper East Side, The Forum is a cooperative building known for having condominium bylaws and very flexible subletting rules. Hallways have been recently completed, new elevators put in and exterior restoration is completed. Amenities include a full-time doorman, private 24-hour fitness facility, garage, rooftop deck, sauna, and steam room. 10% financing, pieds-a-terre, and pets allowed. The building is surrounded by restaurants, cafes, grocery stores, and shops, and is just a few blocks away from the newly opened Q subway line.
Financial Note: This building has a long-term ground lease. Thus, the purchase price (and cash needed to close and mortgage amount) is lower than the condo competition, but the monthly maintenance is a bit higher. The desirability of this arrangement depends on the buyer's financial style. We are happy to discuss the details of this arrangement.