Built in 1903 as a grand residential building with only three apartments per floor (each with 10-11 rooms), this building was turned into a hotel mid-century and apartments were subdivided into many small units. It was converted to a co-op in 1986 and is known as “Lincoln Spencer” and “Spencer Arms”. Most of the original 227 units sold as co-ops still exist as studios and one bedrooms. However, some have been re-combined into larger units, including a handful of stunning 3 bedroom apartments, as tenants who love the building but want more space have bought neighboring units. Charming architectural features, oversized windows and soaring 10’6” ceilings throughout the building as well as the prime locations, near Lincoln Center and just steps from the 2/3 express train, has contributed to residents’ enthusiasm for this building. The lobby and hallways have been tastefully renovated and the co-op board has made many positive changes in the building which has resulted in apartment prices trending upward the past few years. The co-op policies are liberal and perfectly suited for a building with many smaller apartments. They allow co-purchases, gifting of cash toward purchase, pied-a-terre use, pets (for owners but not renters), and subletting after 2 years. The board has been supportive of apartment renovations (with approval) and has even approved washer/dryers in apartments, as long as the W/D specifications meet their standards. There is a full-time doorman, part-time concierge, basement laundry room, two passenger elevators, and a freight elevator. This is a gorgeous pre-war building that just gets better with age.
Description provided by agent Jill Jordan of Halstead Property.