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$497,500
List Price: $500,000
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East 74th Street

Coop in Lenox Hill •  building info
studio • 1ba
Buy with Yoreevo

$497,500

List Price

$500,000

Description
INVESTORS ONLY - MUST BE A CASH DEAL Experience classic Art Deco elegance in this beautifully maintained prewar cooperative in the heart of Lenox Hill. From its striking 1930s façade to its grand lobby, 225 East 74th Street offers timeless New York charm. Residence 4D is a rent-stabilized investment opportunity (USD 400 monthly rental income), offered as a cash purchase with no interior showings. Building amenities include a 24-hour doorman, live-in superintendent, elevator, laundry room, bike room, private storage, and a landscaped garden. Purchasers are required to rent a basement storage unit, subject to availability. The co-op allows up to 80% financing, pieds-à-terre, co-purchasing, pets, and subletting for up to 3 of every 5 years (minimum 1-year lease), subject to Board approval. Sublet fees are 30% of maintenance in year one, 40% in year two, and 50% in year three, with a possible fourth year at the Board's discretion. A 2% flip tax on purchase price, split equally between buyer and seller, applies. INVESTORS ONLY - MUST BE A CASH DEAL - SIGHT UNSEEN

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Building info

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Listing Courtesy of Hauseit