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. As of July 2022 was quoted as $36,960,985.84 per management (Orsid Realty Corp). Bulk rate cable & internet are offered at $61.34 through Spectrum to shareholders who opted in to the program – opt in opportunities occur one time per year. There is a bulk rate deal on electricity as well. Total shares in the co-op is 135,879. The commercial space that Health Nuts and the parking garage occupy also offer income to the coop since the space is leased.
For more details SEE building description.
Building Features 16 Floors166 Units
Last Asking: Aug 25, 2022
Studio / 1.0 Bath / - ft²
Total Monthly Expenses: $1,882
Exclusively listed with: Sotheby's International Realty, Inc.
646 457 8054
Unit listing history
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