$1,775,000
Updated 4 years ago
Off Market

150 East 61st Street, 7-E

Upper East Side, Manhattan | Lexington Ave & Third Ave

5 Rooms2 Beds2 Baths1,527 Square FeetCo-op [Land-Lease]

$1,775,000
Maintenance$2,890
Price Per SF
$1,162

Listing Features

  • Architectural Dtls
  • Corner Apartment
  • Custom Closets
  • Custom Lighting
  • Deco Fireplace
  • Entry Foyer
  • Hardwood Floors
  • High Ceilings
  • Marble FP Mantle
  • Media Room
  • Moldings
  • Pocket Doors
  • Separate Dining Area
  • Split Bedrooms
  • Storage Closet
  • Washer / Dryer
  • Bay Windows
  • New Windows
  • Center Island
  • Dishwasher
  • Eat-in Kitchen
  • Gourmet Kitchen
  • Microwave
  • New Appliances
  • Open Kitchen
  • Pass Thru Kitchen
  • S Steel Appliances
  • SOTA Kitchen
  • Windowed Kitchen
  • Wine Cooler
  • En Suite Bathroom

Outdoor space and views

  • City Views
  • Skyline Views
  • Townhouse Views
  • Treeline Views
  • East Exposure
  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Elevator
  • Garage
  • Laundry Room
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 150 East 61st Street, 7-E

It will take your breath away when you enter this pristine and perfect home with a downtown vibe that is cool and contemporary, light-filled and totally renovated in one of the best locations in the city in a full-service 24/7 doorman building. With a chef’s open kitchen including top-of-the-line appliances (including a wine fridge and built-in coffee center), a split bedroom layout, generous closets throughout, a large washer/dryer and a magnificent fireplace that is the focal point of your living space, you will not want to miss this gorgeous apartment. Instead of having to navigate supply chain delays of a year or more in renovating up to this quality, you can move right in and enjoy living with the highest-end finishes similar to those you would find in a new construction condo. Please note that, while this is a land-lease building, this building does not come with the usual issues found with one. The land-lease was renegotiated in 2010 and runs for another 88 years until 2109, with no additional rent escalations. This is a very favorable land lease with a scheduled decrease in 2025 and all remaining future adjustments based on the consumer price index (which is substantially less than many coops maintenance increases). The current monthly carrying costs for this apartment is $2,890 for maintenance and $1,622 for the lease assessment which cumulatively comes to $2.95/square foot, right in line with the current median carrying costs of a condo in NYC of about $3.00/square foot. An additional bonus is that all necessary capital improvements and upgrades have been done and paid for by the building already - these include new central air-conditioning equipment and risers, local law 11 exterior work, new sidewalks and tree pits, new roofs, upgraded and modernized elevators and renovated lobby and hallways. 150 East 61st Street is a well-run, full-service, pet-friendly cooperative with a 24-hour doorman, live-in super, fitness room, laundry room, bicycle room, private storage and on-site parking garage. The building is situated on the corner of 61st Street and Lexington Avenue, with easy access to Central Park, numerous transportation options (including N/Q/R/W/4/5/6/F trains). Pied-a-terre, foreign purchasers, co-purchasing, gifting, and parents purchasing are all permitted with board approval along with 70% financing. Welcome home!

Listing History for 150 East 61st Street, 7-E

Now
07/01/2022
TOM by Mark Landisman
Compass
05/10/2022
$1,775,000 [-$70,000] [3.8%]
Price Drop by Mark Landisman
Compass

Building Details for 150 East 61st Street

OwnershipCo-op [Land-Lease]
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built1960
Financing Allowed70%
Floors/Apts16/128
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/59 St
0.04 miles
59 St
0.07 miles
Lexington Av/63 St
0.11 miles
5 Av/59 St
0.35 miles
68 St-Hunter College
0.38 miles

Citi Bike

3 Ave & E 62 St
0.09 miles
E 63 St & 3 Ave
0.14 miles

Contact Agents

Contact Agents

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: 1628881