$449,000
Updated 13 years ago
Sold

The Forum

343 East 74th Street, 12-E

Upper East Side, Manhattan | Second Ave & First Ave

Alcove Studio 1 Bath537 Square FeetCondop [Land-Lease]

$449,000
Price Per SF
$836

This property was sold for $440,000 on 09/12/13.

Listing Features

  • Hardwood Floors
  • Separate Dining Area
  • Washer / Dryer
  • Dishwasher
  • Microwave
  • Open Kitchen
  • Pass Thru Kitchen
  • Marble Bathroom

Outdoor space and views

  • City Views
  • East Exposure

Building Amenities

  • Full Service
  • Bike Storage
  • Elevator
  • Fitness Facility
  • Garage
  • Roof Deck
  • Sauna
  • Steam Room

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 343 East 74th Street, 12-E

Excellent opportunity to buy studio in 24/7 doorman building with no financing limits. No Board approval. Layout allows for several different furniture arrangements. Sleeping alcove has east-facing window for good morning sunlight.

Very low net after tax ownership cost because maintenance is about 45% tax deductible. Building has long term ground lease, which serves to lower the asking price and the downpayment. For example, with a $90,000 downpayment, and assuming a 4% mortgage, and assuming that the buyer is in a combined tax bracket of 35%, the net after tax cost is projected to be about $1,800 per month -- less than monthly rent for a comparable rental unit. Tell your CPA to run the numbers for you, as this sample calculation may not apply to your particular circumstances. But you get the concept...this is an economical choice for a Manhattan doorman building in the 10021 zipcode.

There is no private outdoor space, but the owner may enjoy the roof deck. Free gym open 24/7 also. Garage in building.

Assessment Note: The Board mailed a letter dated June 6, 2013 which announced an assessment for capital work effective August 1, 2013. Shareholders have the option to pay this in a lump sum on August 1, 2013 at a discount, or to pay this over 12, 24, or 36 months with an interest charge.

Building Details for 343 East 74th Street

OwnershipCondop [Land-Lease]
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built1987
Financing Allowed90%
Floors/Apts25/149
Learn More About the Building

Transit and Citi Bike

Subway

72 St
0.13 miles
77 St
0.33 miles
68 St-Hunter College
0.41 miles

Citi Bike

E 74 St & 1 Ave
0.09 miles
E 75 St & 3 Ave
0.12 miles

Contact Agents

Contact Agents

Meredith Specht
Coldwell Banker Warburg
Craig Schiller
Coldwell Banker Warburg

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 132990