$385,000
Updated 2 years ago
Off Market

La Bourgogne

157 East 72nd Street, 8-I

Upper East Side, Manhattan | Lexington Ave & Third Ave

3 Rooms1 Bed1 Bath630 Square FeetCondo

$385,000
Common Charges$1,022
RE Taxes$1,008
Price Per SF
$611

Listing Features

  • Beamed Ceilings
  • Custom Closets
  • Entry Foyer
  • Hardwood Floors
  • High Ceilings [10']
  • Separate Dining Area
  • Walk-in Closet
  • Oversized Windows
  • En Suite Bathroom
  • Pedestal Sink

Outdoor space and views

  • City Views
  • North Exposure
  • South Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Elevator
  • Laundry Room
  • Renovated Lobby
  • Roof Deck
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 157 East 72nd Street, 8-I

RENT STABILIZED TENANT IN PLACE. INVESTORS ONLY. PLEASE INQUIRE BY EMAIL. An amazing gem of an investment opportunity! Regulated tenant in place paying $1,117 per month. Total monthly carrying costs for the owner is $2,171, so there is a deficit of $1,054 per month. Please note that this is similar units in the building have recently sold for $900k+, making for an incredible upside when the apartment becomes vacant. PLEASE NOTE, the tenant can renew the lease for as long as they would like, but the lease cannot be passed down. This large South facing one bedroom is beautifully designed and cared for by this very stylish tenant. Enter the long entry hall with a sizable coat closet leading to the generously proportioned and sun flooded living room. There is a King sized bedroom with 2 large closets and an en suite bath, a charming efficiency kitchen, and lovely prewar details throughout. La Bourgogne, or 157 East 72nd Street is an attractive prewar condominium built in 1923, known for its stunning roof terrace with panoramic city views. It is perfectly located on one of the most desired block of the Upper East Side, between Lexington and 3rd Avenue, just a few blocks away from Central Park, Museum Mile and close from all major transportation. **Please note, there is a current assessment of 268.74/month**

Listing History for 157 East 72nd Street, 8-I

Now
06/24/2024
TOM by Carlin Wright
Compass
04/29/2024
$385,000 [-$114,000] [22.8%]
Price Drop by Carlin Wright
Compass

Building Details for 157 East 72nd Street

OwnershipCondo
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1924
Financing Allowed90%
Floors/Apts15/146
Learn More About the Building

Transit and Citi Bike

Subway

68 St-Hunter College
0.19 miles
72 St
0.2 miles
77 St
0.25 miles
Lexington Av/63 St
0.46 miles

Citi Bike

3 Ave & E 72 St
0.06 miles
3 Ave & E 71 St
0.11 miles

Contact Agent

Contact Agent

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: 92015