Property Description for 343 East 74th Street, 4-B
No Board Approval!!! 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.
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. 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. 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. Some buyers prefer the lower upfront cash requirement and will accept a higher monthly; other buyers prefer to spend more cash upfront in exchange for a lower monthly. This is a buyer's choice.