175 East 62nd Street Upper East Side Apartment For Sale

AMAZING OPPORTUNITY to purchase in a straight-forward land lease building. It is full service and maintenance includes all utilities plus cable.

This expansive, light-filled residence enjoys city and skyline views throughout and features four spacious bedrooms, four full proper bathrooms, an elegant formal dining room, a gorgeous windowed chef\'s kitchen with stainless steel appliances, dishwasher, wine refrigerator, Bosch washer/dryer, fantastic counter space and cabinets. The primary bedroom offers a walk-in closet with a windowed en suite bathroom. All of the bedrooms are separate from each other and enjoy en-suite bathrooms.

The Victorian is a meticulously maintained luxury cooperative built in 1963, residents can enjoy an on-site parking garage, 24-hour doorman service, laundry and private storage space. The building\'s board welcomes those seeking a pied-a-terre, buyers from overseas, and co-purchasers; pets under 60 pounds are allowed, as are and in-unit washer/dryers. Located near Central Park, elegant shopping and dining destinations.

The building is on leased land; the lease was renegotiated in 2010, and extended through 2099. For the 10 year period from 2021 through 2030, the annual lease increase will be based on the CPI, or approximately 1.5%, with a cap of 2%.

Building requirement: 3% Flip Tax Paid by Buyer. There is currently a $950 monthly maintenance adjustment, a $317 monthly assessment going towards Local Law 11 updates, and a $127 monthly assessment going towards general operations.