By appointment only: An extraordinary opportunity to purchase a three bedroom, two bath home with the largest wraparound terrace for sale on the Upper East Side for under $2.35 million. With panoramic southern, eastern and northern views, this residence is the highest G-line apartment, essentially the penthouse on the eastern side of Regency East. The master suite, split from the rest of the apartment, enjoys southern exposure with abundant sunlight and open city views. This apartment has been priced to sell. Unlike the majority of co-ops and condos in NYC, the annual Condo and Coop Tax Abatement is credited back to the shareholders of primary residences at the Regency East, in March/April each year. Net of this tax abatement (approximately $5,525 for Apt. 14G in 2016), the effective monthly maintenance is $3,423 ($3,883 for shareholders of secondary residences). The monthlies are further enhanced by 53% tax deductibility and a bulk discount for both electric and cable. The Regency East is a full-time doorman, 100% shareholder owned co-op, built in 1963 and converted in 1987, with exceptional financials, 80% financing, central air conditioning, a large common laundry (washers & dryers are not permitted), Gourmet Garage market and 301 Park garage. Most recently, Regency Easts infrastructure was completely upgraded (i.e. a dual natural gas/refined heating oil system, new chiller for the central air, elevator systems). The Corporation owns the land, the retail spaces (completing renovation), permits co-purchasing, pied-a-terre ownership, has flexible subleasing, no flip tax and is pet friendly. Notable amenities in the immediate area: Barry's Boot Camp across the street, BLO Blowdry Bar next door, Purre Barre fitness and the Health Nuts on Second Ave., Massage Envy on 63rd St. and 2 Equinox fitness centers and 5 Zip Car garages within 3 blocks from the building.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
