Property Description for 339 East 85th Street, 1-B
Welcome to this charming, renovated one-bedroom garden duplex on a picturesque, tree-lined Upper East Side block combining classic prewar character with thoughtful modern updates throughout.
A perfect entry-level apartment: less expensive than renting, an ideal pied--terre, or a great income property with an impressive CAP rate, as the building permits immediate subletting with no holding period or restrictions.
The apartment features well maintained original details alongside modern upgrades, including decorative fireplaces in both the living room and bedroom, original moldings, and French doors opening onto a king-sized bedroom with a deep closet and original hardwood floors.
Enter into a gracious foyer with soaring 10 ceilings and newly refinished original hardwood floors, two closets (including a double-height closet), and a renovated windowed bathroom. The bedroom, on this same level, overlooks a serene, private back garden.
Downstairs, youll find extra storage tucked under the stairs and a hallway leading to a fully renovated, separate kitchen with shaker-style cabinets, black granite countertops, and stainless steel appliances, including a gas stove and dishwasher. On the other side of the staircase, the hallway opens into a spacious living room that features beautiful new wide-plank floors, a decorative fireplace and sconces, plenty of room for a dining table with comfortable seating for six and a generous sitting area. The living room opens onto a private brick patio and a charming back garden furnished with cast iron seating perfect for entertaining and dining al fresco from late spring through fall.
Unbeatable Upper East Side Location:
Set on one of the neighborhoods most picturesque tree-lined blocks, this home puts you steps from some of Manhattans best dining, shopping, and culture. Enjoy easy access to the boutiques and flagship stores along Madison and Third Avenues, everyday conveniences on Lexington and First, and some of the citys top restaurants, cafs, and gourmet markets just around the corner including staples like Caf Maud and Luna Rossa on the same block. Museum Mile and Central Park are a short stroll away for weekend outings, and commuting is effortless with convenient access to the Q, 4, 5, and 6 subway lines as well as multiple crosstown and north-south bus routes.
An Exceptional Investment Opportunity:
This well-maintained, investor-friendly co-op allows subletting from day one and offers an exceptional 5.5%+ CAP rate, thanks to strong proven rental value and very low monthly maintenance.
The building allows cats, welcomes pied--terre use, and allows parents purchasing for children. The co-op board is notably straightforward, with very liberal requirements, making for a smooth and accessible purchase process.