301 East 63rd Street, Apt 7J
Welcome to 7J at 301 in Lenox Hill! New York Is Always A Good Idea with this 2 Bed /1 Bath apartment with hardwood floors and very spacious layout boasts 3 exposures – West (over 2nd Avenue), North and East. This is a very quiet location of the building in a prime spot in Lenox Hill! You will enjoy a windowed kitchen, walk in closet is currently be used as a home office, guest bed with french doors, tiled bathroom with medicine cabinet, tons of storage and king size bedroom. Pictures are virtually staged.
301 East 63rd Street amenities: Full Time Doorman, Laundry Room, Bike Storage ($25 annually), Resident Super, Pet Friendly (up to 40lbs) and a landscaped Roof Deck (can be rented privately).
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 land lease building. The land is owned by the coop. The maintenance includes principal and interest payments for the mortgage on the land from the land purchase (301 used to be a land lease building). The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. 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. 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! Bulk rate cable & internet offered at $61.34 through Spectrum to shareholders. Bulk rate deal on electric as well.