UNIQUE INVESTOR OPPORTUNITY to purchase a high floor, sun-flooded, Classic 8 room apartment (approx. 2,500 sq. ft.) in one of the Upper East Side's most coveted prewar cooperative buildings at a reduced price. This exceptional residence was recently appraised by Jonathan Miller, President & CEO of Miller Samuel, for $4.5 million. The contemplated purchase structure is analogous to the French "en viager" or "for life" system, in which the buyer agrees to buy the apartment at a discounted price and make regular monthly payments on a property that the elderly seller continues to live in. This special home is accessed from a private elevator landing. Originally part of a celebrated penthouse duplex, this wonderful residence has all principal rooms facing south onto E. 79th St. with marvelous views. The apartment has a welcoming foyer, a large living room complete with a working wood-burning fireplace, and a gracious formal dining room. There is a charming library and sizable bar off the living room and a large eat-in kitchen with northern views featuring a 6-burner Garland stove, pleasing even the most serious chef, with ample counter space and storage, and adjacent to a full-sized laundry room. Down the hall are the private quarters consisting of a palatial primary bedroom with five oversized windows facing south and east with an ensuite windowed bathroom. The second bedroom also has an ensuite bath and double exposures, and the smaller third bedroom has a dedicated bathroom in the hall which also functions as the powder room. Prewar details abound including hardwood floors and soaring 9'7 ceilings. It also includes an enormous 13'1 x 13'1 storage room! 39 East 79th Street was commissioned by etiquette expert Emily Post and designed by architect Kenneth Murchison in 1926. This distinguished building is noted for its understated elegance, excellent service, and close community with just 20 apartments on its 14 floors. This white glove building offers a prime location on the corner of Madison Avenue and 79th Street. Adjacent to the New York Society Library, it is just one block away from Central Park, and in close proximity to The Metropolitan Museum of Art, and the neighborhood's top restaurants, hotels, stores, and galleries. Pet friendly. 2.5% flip tax paid by buyer. There is a monthly assessment of $605.47.
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