343 E 74th Street #8-C

$1,889/mo maintenance and reasonable asking price of $749,999 combine to make this land lease condop an attractive proposition. PRIVATE SHOWINGS BY APPOINTMENT MADE 48 HOURS IN ADVANCE. No Board approval. No interview. No Board package. No Board financing limit. Corner apartment with balcony off the living room. W/D in unit. 769sf 1-bedroom,1-bath (having 2 entrances) and great light. Free 24/7 gym. Roof deck. Garage. Expansive living room with separate, windowed dining alcove. Perfect for entertaining. Light filled and large bedroom. Kitchen recently renovated and new floors. Move-in condition, or make some cosmetic upgrades in this alteration-friendly building. For 2014 just under half of maintenance was tax deductible, making for low, net after tax ownership cost, approximating rent for equivalent UES space. Ask your CPA. Building upgrades: new hallways completed in April 2011; new elevators completed September 2011; exterior restoration (previously paid for) in progress and nearing conclusion. Perfect opportunity to buy pied a terre, with no red tape. LR floor to ceiling windows with sliding door to balcony. Financial Note: This building has a long-term ground lease. Thus, the purchase price (and cash needed to close and mortgage amount) is lower than the condo competition, but the monthly maintenance is a bit higher. The desirability of this arrangement depends on the buyer's financial style. Some buyers prefer the lower upfront cash requirement and will accept a higher monthly; other buyers prefer to spend more cash upfront in exchange for a lower monthly. This is a buyer's choice.