4 Lexington Ave, 7L/7M

Accepted offer 4/27/16. 4 Lexington Avenue also known as The Sage House is a classic Pre-War Landmark Luxury Full Service Building located steps To Gramercy Park! This is a rare opportunity to purchase two adjacent studio apartments and combine into one unique residence. These are presently not combined and will be sold as two separate units with two contracts of sale and two purchase applications to the Board. Both units are owned by the same shareholder. Each apartment is approximately 400 square feet. See attached floor plan for details. One could build out any number of combinations including, but not limited to: 1) large one bedroom with en suite master bath and full guest bath, 2) 1 bedroom 2 bath with home office/den/child's room, 3) 2 bedroom 2 bathroom wing design, 4) Large open studio space with wall of windows. Exposure is East. Each studio is approximately 400 square feet. Unit 7L has 798 shares with a monthly maintenance of $791.21. Unit 7M has 762 shares with a monthly maintenance of 755.52. The new owner will be fully responsible for filing all of the appropriate paperwork (architectural plans, full alteration agreement) with the Board, Landmarks etc... to obtain necessary approval to combine into one unit. The wall between the two units is non-structural and can be opened (there are precedents on the 12th and 14th floor in same building). The sale can close in early November as there are presently rental tenants in place. Heat, hot water & cooking gas are included in the monthly maintenance. Purchaser must have solid financials. FIOS coming soon. Purchase(s) are subject to Board Approval. Units are presently occupied. 24 hour notice required to show.