Description

Great Investment Opportunity!! This apartment is rent stabilized and currently occupied, making this an opportunity for an INVESTOR only. This apartment is subject to the rules of the Rent Stabilization Board Guidelines. I suggest that all potential buyers and Agents read the Guidelines online before requesting an appointment to view. Current tenant can remain in place for as long as he likes. That is the reason that this apartment is being sold for 1/3 of its current market value. Located in a Prime UES Doorman building is this Sponsor unit that is available with NO BOARD APPROVAL!!!! This is a great investment opportunity. Motivated seller is looking to sell this beautiful one bedroom that can easily be converted to a 2 bedroom. It is a Sponsor apartment so no board approval is required. CURRENTLY OCCUPIED BY A RENT STABILIZED TENANT AND IS THEREFORE NOT AVAILABLE FOR IMMEDIATE MOVE-IN. This apartment is a large one bedroom overlooking Second Avenue. Located at 2nd Avenue & 76th Street, this apartment enjoys a fabulous location. It is a must see for someone who would like to have a city apartment in a great location in inventory. Save it for the kids or for when you want a Pied A Terre when you retire. Really low maintenance makes this apartment especially attractive. Brokers inquiries are invited, 3.5% to cooperating Brokers. Tenant is currently about 70+ years old. Rent being paid is $692.87 monthly, Maintenance is currently 1,434.23. Tenant is exempt from rent increases being a senior citizen, city give real estate credit for amount under the legal rent. Building reimburses this credit to owner. Similar apartments in this building have sold for over $600,000. DUE TO THE OVERWHELMING RESPONSE TO THIS LISTING, THIS UNIT CANNOT BE VIEWED. BUILDING CAN BE VIEWED. BUYER PAYS TRANSFER FEES OF $30.00 PER SHARE.
View More

Building Features 10 Floors92 Units

elevator
full time doorman
garage
pet friendly
roofdeck
laundry
View all 6 building features

$250,472 / $313 per ft²

Sold: Mar 29, 2012

25.24% above ask / 91 Days to Sell

1 Bed / 1 Bath - / 800 ft²

Total Monthly Expenses: -

Exclusively listed with: UEI LLC

Norman Shabot

norman@onemanhattanre.com

646-253-4733

Listing Courtesy of UEI LLC

Unit listing history

Date Status Amount Listed by Owner Name
Loading History...

Similar Listings for Sale

401 E 74 ST - Unit 12M

Upper East Side / COOP

$849,000

On market for $849,000

-5.56% from ask / 172 days on market

Monthly Expenses: $1,948

1 bed - 1 bath / 940 ft²

203 E 72 ST - Unit 3E

Upper East Side / COOP

$695,000

On market for $695,000

0% from ask / 31 days on market

Monthly Expenses: $1,230

1 bed - 1 bath / 800 ft²

345 E 73 ST - Unit 12G

Upper East Side / COOP

$775,000

On market for $775,000

-1.77% from ask / 160 days on market

Monthly Expenses: $1,984

1 bed - 1 bath / 750 ft²

175 E 74 ST - Unit 2E

Upper East Side / COOP

$829,000

On market for $829,000

-2.36% from ask / 68 days on market

Monthly Expenses: $1,849

1 bed - 1 bath / 925 ft²