175 East 62 Street   Unit PHA

This renovated and romantic, mint condition corner classic six duplex penthouse with two terraces is ideally positioned on the ‘Gold Coast’ of Manhattan’s Upper East Side. A couple blocks from Central Park on a tree-lined street with a dedicated bike lane, the brownstone-studded East 62nd Street feels familiar in PHA which exudes the lifestyle of a townhome, set in the luxury and convenience of a white-glove building with a parking garage.
PHA is flooded with sun, which rises in the bedrooms, sets in the entertaining spaces, and illuminates the terraces on each floor. This custom-designed high-floor home features south-east-west exposures of breathtaking and panoramic open views from every room including The Plaza Hotel, Central Park, the Barbizon Building, and the San Remo off in the distance. The sought-after vistas are a quintessential New York City experience featuring city skyline and park throughout the seasons.
This extremely quiet 3-bedroom, 2.5-bathroom boasts approximately 1,500 square feet of interior space, a locally handcrafted smokeless fireplace, ebony-stained parquet floors, crown molding and custom millwork - balancing grand scale with elegance, and modernized with the finest Italian marble, European appliances and materials throughout. As an added plus, there is an option to add a washer/dryer into the wine fridge closet in the foyer.
The Victorian is impeccably well-run and financially strong co-op with a 24-hour doorman, private garage and a laundry room. Pied-a-terres, foreign buyers and co-purchasing allowed. Pets under 60 lbs allowed. Washer/Dryers permitted in apts. Maintenance includes electric and cable. There is a 3% flip tax.
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%.