Southgate 434 E. 52 Street 9A NYC (1st & East River) is a beautiful spacious co-op Studio situated on a quiet cul-de-sac. Southgate is a classic example of high-quality pre-war architecture in Midtown East, offering a rare combination of tranquil residential living and immediate access to the bustling amenities of the neighborhood. This is an Active Listing and is not, nor has it been in foreclosure.
This studio has a large functioning wood burning fireplace, two full closets, pantry closet and a custom-built queen size Murphy bed that maximizes floor space. Separate kitchen includes stainless fridge, dishwasher, gas range and microwave. The two-door layout (front and service entrances) is a charming historical detail found in upscale pre-war buildings. The exemption from the NYC pied-a-terre tax makes it an attractive option for a primary or secondary home.
Full-service amenities include on-site management, 24-hour doorman, laundry, bike room, private garden that spans the complex. Additional storage cages are available for purchase.
The neighborhood is steps from the East Midtown Greenway Park, a 1.8-acre public promenade - recreation space for pedestrians/pets and bicyclists. Premium grocery options include Trader Joe's (1st & 59th), Whole Foods 57th, and multiple restaurants options.
Transportation: MTA Subway 51st and Lex (4&6 trains) and 53 & Lex (E&M trains). NYC Ferry 34th & 1st (Brooklyn & Wall Street).
Purchase price $438,000 and maintenance is $1525.83 ($1363.98 plus capital assessment $161.85) which includes taxes, heat and electric. Flip tax will be paid by the Seller. Board application only.