175 E 62ND Street, #PHA, New York (Lenox Hill), NY, 10065 | $1,995,000

This renovated and romantic, mint condition corner classic six duplex penthouse with two terraces is ideally positioned on the 'Gold Coast' of Manhattan's Upper East Side. A couple blocks from Central Park on a tree-lined street with a dedicated bike lane, the brownstone-studded East 62nd Street feels familiar in PHA which exudes the lifestyle of a townhome, set in the luxury and convenience of a white-glove building with a parking garage.

PHA is flooded with sun, which rises in the bedrooms, sets in the entertaining spaces, and illuminates the terraces on each floor. This custom-designed high-floor home features south-east-west exposures of breathtaking and panoramic open views from every room including The Plaza Hotel, Central Park, the Barbizon Building, and the San Remo off in the distance. The sought-after vistas are a quintessential New York City experience featuring city skyline and park throughout the seasons.

This extremely quiet 3-bedroom, 2. 5-bathroom boasts approximately 1, 500 square feet of interior space, a locally handcrafted smokeless fireplace, ebony-stained parquet floors, crown molding and custom millwork - balancing grand scale with elegance, and modernized with the finest Italian marble, European appliances and materials throughout. As an added plus, there is an option to add a washer/dryer into the wine fridge closet in the foyer.

The Victorian is impeccably well-run and financially strong co-op with a 24-hour doorman, private garage and a laundry room. Pied-a-terres, foreign buyers and co-purchasing allowed. Pets under 60 lbs allowed. Washer/Dryers permitted in apts. Maintenance includes electric and cable. There is a 3% flip tax.

The building is on leased land; the lease was renegotiated in 2010 and extended through 2099. For the 10-year period from 2021 through 2030, the annual lease increase will be based on the CPI, or approximately 1. 5%, with a cap of 2%.

Features

  • Town: New York
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Units: 70
  • Laundry: Building Other,In Unit
  • Year Built: 1963
  • Basement: Other
  • HOA Fee: $9,415 Monthly
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20066223
  • Days on Market: 69 days
  • Website: https://www.raveis.com
    /prop/RLS20066223/175e62ndstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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175 E 62ND Street, #PHA, New York (Lenox Hill), NY, 10065

$1,995,000

Travis Lipinski

Sales Associate

William Raveis Real Estate

Phone: 860.921.8542

Travis.Lipinski@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,596,000 $1,596,000 $1,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.021% 6.110% 5.932%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,690 $9,569 $13,253
Total Monthly Payment $8,815 $9,694 $13,378

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.