301 East 63 Street   Unit 11C

Southern exposure and an open view – TONS OF LIGHT! 11C is an L shaped studio with four deep closets, a spacious bathroom and windowed dining alcove. The kitchen is open to the dining area and looks out to 63rd Street and 2nd Avenue.
301 East 63rd Street is conveniently located 1 block away from the subway, 3 blocks from the water and about 10 minutes from Central Park (the zoo is at 64th). Enjoy easy proximity to Bloomingdale's, Trader Joe's, Whole Food and day to day shops + favorite restaurants like JoJo by Jean-Georges, Scalinatella, Le Bilboquet and many casual hot spots and outdoor dining. Building amenities include: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (1 dog up to 40lbs – cats ok) and a landscaped Roof Deck (can be rented privately).
There is NO maintenance increase for 2022 (9th consecutive year despite increases in labor, taxes and supply costs). Heat, water and gas are also included in the maintenance. The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing (pending board approval). Sublets permitted.
301 East 63rd Street is NOT A LANDLEASE. The land IS OWNED BY THE COOP. The maintenance includes principal and interest payments for the ‘mortgage on the land from the land purchase'. The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. All capital improvements have been paid for with reserves – NO ASSESSMENTS currently or planned.
The original mortgage from the land purchase was in excess of $51,000,000. The corporation refinanced the amount of $39,800,000 on March 11, 2020 at a “ FIXED RATE of 3.4%” for 10 years with a 30 year amortization schedule. There is also an option to extend for an additional 5 years at a specifically defined formula. The mortgage balance was $37,781,685 by EOY 2021!
Bulk rate cable & internet offered at $61.34 through Spectrum to shareholders. Bulk rate deal on electric as well. For more details SEE building description.
Some pictures are virtually staged.