NEW YORK — While we like to focus on affordable housing and good deals at Open House Insider, we also recognize that million-dollar apartments are becoming more the norm than the exception in New York. That's especially true for the city’s hottest neighborhoods, where these prices can even be considered bargains.
Here’s a look at what you can get for $1.15 million.
325 E. 77th St., Apt. 2C, Upper East Side
2 Bedrooms/1 Bath
Approximately 1,100 square feet
Maintenance: $1,648 per month
Open House: Sunday, June 29, 1:30-3:30 p.m.
Lowdown: This two-bedroom co-op faces the rear of the building, is quiet and even though it’s on the second floor, it gets great light, said Jeffrey Tanenbaum, of Halstead Property.
The longtime owners renovated the space about five years ago, retaining many original pre-war details — such as the “plank floors that are in excellent condition” — while updating the bathroom and kitchen. The latter includes “a Sub-Zero refrigerator, Bosch dishwasher, stone countertops and a very attractive wood farm sink,” Tanenbaum said, adding that new owners could add a second bathroom.
A “substantial” front closet was converted into an office nook with a nifty top-swinging red door that when raised, opens up the space to the dining area that has a wall of built-in shelving, giving it a “library effect.”
The sellers made up for that loss of storage space by installing a mechanism in another closet that when pulled brings down an added bar of clothing from the top for easy access. “You push it back, and it kind of disappears. It’s a great idea that gives tremendously more space,” Tanenbaum noted.
An 8-foot storage unit comes with the apartment. There’s laundry in the building, a live-in super and a common roof deck.
Location: The apartment is “really well placed in the heart of the Upper East Side,” Tanenbaum said, with “several wonderful” restaurants and shops along Second Avenue. The Second Avenue subway will be on the corner when it opens in 2016. Until then, the closest train is the 6 at 77th Street and Lexington.
Why put it on your open house calendar? “There’s value in the unit’s pricing,” Tanenbaum said. “The building has everything one needs, the location is a plus, and the way it was configured offers a lot of opportunities for [any type of buyer].”
Friday, June 27, 2014