FORWARD TO THE FUTURE and FANTASTIC VALUE. A splendid investment opportunity for a discerning buyer who can wait a year and think outside the box. A spectacular terrace (1,400 SF) (it has the potential to be the sexiest terrace on the upper east side) comes with a two-bedroom, 2.5 bathroom condo at 200 East 69th Street. The terrace has water, electric and an irrigation system and is the size that is usually associated with an apartment that sells for multiple millions anywhere else in the city. Electric grilling is also allowed. Because of Local Law 11 work, the terrace is not currently accessible. Bring your architect to make this apartment your own. With some TLC and creativity you will have yourself a sensational, unique apartment in a superb location.
Currently there are 2.5 marble bathrooms, which could be easily updated. One has double sinks, a jacuzzi and a separate stall shower. The kitchen can be updated and opened up into the living room. (we have a plan for you to peruse).
The two bedrooms are large and spacious with plenty of closet space - the master has a HUGE walk in closet. Throughout the apartment ceilings are 9-feet high with parquet floors. . Every room has an HVAC separately zoned unit (the building recently upgraded the roof compressor to make all units more energy efficient). There are floor-to-ceiling sliding doors with access to the terrace in every room. The apartment has a vented washer/dryer.
The building has white glove service with 24-hour doorman coverage, concierge and a resident manager. The common halls were all recently renovated and decorated. Amenities include a garage accessed from the lobby, a well-equipped fitness center, and a playroom. There is also a central laundry and a bike room. 200 East 69th Street is close to mass transportation (#6 Train, the local and express bus stops on Third and Second Avenues) and all the shops, restaurants and cultural institutions the upper east side is known for. Whole Foods will take the old retail space left by Food Emporium. J.G. Melon, T Bar and Citarella are just a few of the enticing spots within a short distance. There is even a Target two blocks away. The eventual value of this apartment renovated with the terrace will be in excess of $4MM. Prior to the pandemic, the rent roll for the apartment was $96,000 annually. This could be a splendid opportunity for an astute investor.
