Description

Facing south with abundant direct sun and street views highlight this comfortable studio in Regency East. With a sizable 8 ft. by 7 ft. - 7 in. galley kitchen that can accommodate a pass-through to the living room, Apt. 9E features central air, rock-solid oak floors, a white tile bathroom and 3 generous closets. As a shareholder in this financially strong residence with income generating commercial tenants, you'll enjoy all of the benefits of a vibrant co-op undergoing a complete renovation.Please Note: Unlike the vast majority of co-ops and condos, the annual NYC Condo and Coop Tax Abatement at Regency East is credited back when new shareholders of primary residences qualify with the City. Net of this tax abatement (most recently $1,647 for Apt. 9E), the monthly maintenance averages approximately $882, a savings of approximately $137. Prior to primary residents qualifying and for secondary home shareholders, the gross maintenance is $1,018.52. Monthlies are further enhanced by 53% tax deductibility and a bulk discount for both electric and cable.Regency East is a 100% shareholder owned cooperative, built in 1963 and converted in 1987, with exceptional financials, 75% financing, no flip tax, central air conditioning and heating, a new mobile-app based laundry, Shred-X secure document destruction, Bright Horizons Day Care (beginning construction), 301 Park garage and both Verizon fios and Spectrum service providers. Washers and dryers are now permitted with Board approval. Regency Easts infrastructure was completely upgraded (i.e. a dual natural gas/refined heating oil system, new chiller for the central air and the elevator systems). The hallways were completely renovated with the lobby to follow Bright Horizons' completion (all paid for). The Corporation owns the land and the four commercial leases, permits guarantors, gifting, pied-a-terre ownership and has flexible subleasing. Notable amenities in the immediate area: Barry's Boot Camp and drybar across the street, Purre Barre fitness, Health Nuts, CVS and Duane Reade on Second Ave., Massage Envy on 63rd St., and 5 Zipcar garages, 2 Equinox Health Clubs, SoulCycle and Flywheel within 3 blocks of Regency East..
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Building Features 18 Floors148 Units

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

$375,000

Sold: Jun 04, 2020

-6.25% from ask / 88 Days to Sell

Studio / 1.0 Bath / - ft²

Total Monthly Expenses: $882

Exclusively listed with: The Corcoran Group

Brian Philpott

brian.philpott@corcoran.com

(917) 757-5503

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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