Sotheby's International Realty® Listing
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    Manhattan
    301 East 63rd Street, 8C
    New York, New York, 10065
    United States
    301 East 63rd Street, 8C New York, New York, 10065 United States
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    Manhattan
    301 East 63rd Street, 8C
    New York, New York, 10065 United States

    • Celeste Pandhi
    • The Celeste Pandhi Team
    Listing image
    Listing image

    Property details

    • Property type

      Co-op Properties

    • Status

      Available

    • Year Built

      1958

    301 East 63rd Street, Apt 8C

    Southern exposure and an open view equals tons of light! 8C is an L shaped studio with four great closets and a spacious tiled bathroom. The kitchen, with tiled backsplash (added after main kitchen photo), is open to the dining area and looks out to 63rd Street and 2nd Avenue.

    301 East 63rd Street is conveniently located 1 block away from the subway, 3 blocks from the water and about 10 minutes from Central Park (the zoo is at 64th). Enjoy easy proximity to Bloomingdale’s, Trader Joe’s, Whole Food and day to day shops + favorite restaurants like JoJo by Jean-Georges, Scalinatella, Le Bilboquet and many casual hot spots and outdoor dining. Building amenities include: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (1 dog up to 40lbs – cats ok) and a landscaped Roof Deck (can be rented privately).

    There is NO maintenance increase for 2022 (9th consecutive year despite increases in labor, taxes and supply costs). Heat, water and gas are also included in the maintenance. The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing (pending board approval). Sublets permitted.

    301 East 63rd Street is NOT A LANDLEASE. The land IS OWNED BY THE COOP. The maintenance includes principal and interest payments for the ‘mortgage on the land from the land purchase’. The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. All capital improvements have been paid for with reserves – NO ASSESSMENTS currently or planned.

    The original mortgage from the land purchase was in excess of $51,000,000. The corporation refinanced the amount of $39,800,000 on March 11, 2020 at a “ FIXED RATE of 3.4%” for 10 years with a 30 year amortization schedule. There is also an option to extend for an additional 5 years at a specifically defined formula. The mortgage balance was $37,781,685 by EOY 2021. As of July 2022 was quoted as $36,960,985.84 per management (Orsid Realty Corp). Bulk rate cable & internet are offered at $61.34 through Spectrum to shareholders who opted in to the program – opt in opportunities occur one time per year. There is a bulk rate deal on electricity as well. Total shares in the co-op is 135,879. The commercial space that Health Nuts and the parking garage occupy also offer income to the coop since the space is leased.

    For more details SEE building description.
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    about Upper East Side

    Extending from Fifth Avenue and the border of Central Park to the East River, and from 56th Street to the Carnegie Hill area at 96th Street, Manhattan’s fashionable Upper East Side is an area that features some of the city’s most significant cultural institutions including the Metropolitan Museum of Art and the Solomon R. Guggenheim Museum on Museum Mile, the Whitney Museum of American Art and many others. Visitors staying at the Pierre, the Carlyle and other luxury hotels have easy access to fine restaurants, art galleries, gourmet food shops and excellent shopping destinations on Fifth Avenue and Madison Avenue, and can explore landmarks from the famed Plaza Hotel to the city’s beautiful urban oasis of Central Park. Upper East Side real estate includes some of the most luxurious properties in the world, boasting some of New York City’s most stunning architecture and most elegant historic and prewar homes, with landmarked brownstones lining the prime residential streets between the avenues.

    Amenities & Features

    • Listing Details
      • Property ID
        RDH834
      • MLS#
        3802978
      • Property type
        Co-op Properties
      • Marketed By
        Sotheby's International Realty - Downtown Manhattan Brokerage
      • Status
        Available
      • Listing Price
        $315,000
      • County
        New York County
      • School District
        New York City Department Of Education
    • Utilities & Building
      • Year Built
        1958
      • Financial
        mt: $1,882
        max financing: 85%
      • Parking
        Garage
    • Interior
      • Amenities
        Doorman, Hardwood Flooring, Terrace / Outdoor Space
      • Full Bathrooms
        1

    Marketed By