Description
This is a land-lease building. The 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 building with lease payments made via the monthly assessment ($2,133.16) paid in addition to monthly maintenance. In fact, there is a scheduled decrease in 2025 and all remaining adjustments are based on the consumer price index (which is substantially less than many coops maintenance increases).Necessary capital improvements and upgrades 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. All these items have been paid for.
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. The building is a block from Bloomingdales and centrally located with subways, buses, and restaurants nearby.
Building Features 16 Floors131 Units
Unit Features
$2,995,000 / $1,331 per ft²
Last Asking: Apr 30, 2022
3 Beds / 3.5 Baths / 2,250 ft²
Total Monthly Expenses: $3,801
Exclusively listed with: Corcoran Group
Karin A
Picket
kap@corcoran.com
(212) 605-9248
Adam
Koelb
adam.koelb@corcoran.com
(646) 248-0354
Unit listing history
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