227 East 57th Street, 5-B

Very few spacious, light-filled, one-bedroom apartments are available for under $500K in the desirable Sutton Place neighborhood. This apartment is located in an elegant, pre-war building, and comes with full-time building staff, including doormen/women. The apartment boasts a large bedroom that can fit a queen-size bed with ample space for other furniture. The main room easily accommodates both living and dining areas. There is a galley kitchen and well-laid out bathroom. An added bonus—expansive closets that can also serve as storage space. No brick wall views here! All main windows face 57th Street, and are double paned. 227 East 57th has a liberal sublet policy that allows buyers to sublet after one year of occupancy. The apartment is convenient to all amenities, including a Whole Foods directly across the street, and a nearby Trader’s Joe, as well as a wide variety of restaurants. The full-service Art Deco-inspired building is quiet, friendly and well-maintained by a live-in resident manager. It allows pets and features a 24-hour doorman, laundry room, bike room, and optional supplemental apartment storage. ? Guarantor, pieds-à-terre, and co-purchases are allowed. Washer/dryer is permitted with approval of building. The apartment is a solid investor opportunity. Board approval is required. 75% financing allowed. Current monthly assessment is $259.41. A capital assessment of $276.15 for a 12-month period beginning October, 2022