INVESTORS ONLY. COOP STOCK AND LEASE SALE. CASH ONLY. This is an extraordinary opportunity for future use. Current rent is $1600 per month. Current market value $1.8M. Property is approximately 1400 SF. Apartment is being sold occupied. Located just off of Fifth Avenue, the grandly proportioned apartment has original features including a wood burning fireplace, lead light windows and high ceilings (approx. 9'9 ). The building is an architecturally significant 1912 building with a magnificent glazed terracotta front and renovated lobby. Designed by George and Edward Blum, the building combines Beaux-Arts traditions with Art Nouveau and Arts and Craft touches. The beautifully maintained building has a live-in super and part-time doorman. 12 East 87th Street has been a coop since 1985 and is 100% owned. The apartment will need full renovation. Cooperative requirements. Please refer to the floor plan and other sold listings in the building to get a sense of details, room proportions and architecture.
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