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In Contract

242 East 7th Street, #PH

$2,300,000 ($1,438 per ft2) -4.2% | 2 beds, 1.5 baths | Approx. 1,600 ft2
152 days on Market

Key Details

  • Listed: Sep 26, 2023
    Last Price Change: -4.2% ($100,000) on Nov 28
    Days on Market: 152
    Building Type: Cooperative
    Neighborhood: East Village (Manhattan)
    Listing viewed 217 times
Monthly Maintenance: $1,872 ($1.17/ft2)
Est. Monthly Mortgage: $12,640
Total Est. Monthly Carrying Cost: $14,512 ($9.07/ft2)
Note: the above is based on a down payment of 20% ($460,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Property Overview: This is a triplex penthouse cooperative listed at $2,300,000, located in the East Village neighborhood. The property spans approximately 1,600 ft2 and can be configured as a 1BR, 2BR, or 3BR.
  • Interior Features: The property boasts 15’ ceilings, windows from three exposures, and a 400 sq ft private terrace. It has been renovated with custom cabinetry, limestone countertops, and a Viking oven and range.
  • Master Suite: The master bedroom suite features a glass wall opening onto the terrace. The master bathroom is equipped with a glass enclosure, oversized vanity, separate soaking tub and shower stall made of Carrara marble.
  • Additional Amenities: The property includes a powder room on the main level with a washer/dryer. The building, originally built in 1905 and converted to a co-op in 1985, offers a walk-up and intercom.
  • Location and Accessibility: The property is conveniently located close to Tompkins Square Park, F, 6, and L trains, and popular restaurants like Lavagna and Gemma.
  • Financial Details: The property is priced at $1,438 per ft2 with a monthly maintenance fee of $1,872. The building has a low maintenance and investor-friendly sublet policy.

Description

Grandeur. Light. Space.

This extraordinary triplex penthouse feels like you’ve walked into an entirely new dimension, with soaring 15’ ceilings and glorious windows from three exposures.

This true loft comprises 1600 sq ft connected by elegant glass staircases which pour through the apartment from the skylight above. A 400 sq ft private terrace conveniently situated in the rear of the building completes the picture of this oasis. Currently configured as a 1BR, the mezzanine guest bedroom easily converts to a proper 2nd BR or leave it open as an office/library.

Consider the alternate floorplan proposed which would provide 3 BRs, 3 full bathrooms and add another 200sf to the apartment without sacrificing the spectacular drama of the living room.

The entire apartment has been renovated and features a warm ivory custom cabinetry by plain English, complemented by real sealed limestone countertops and island, as well as a vented Viking oven and range. The bathrooms are updated but the master bathroom is next level luxury, sporting a sleek glass enclosure, oversized vanity, separate honed corian soaking tub and shower stall made entirely of Carrara marble. Heated towel rack and Duravit toilet, fixtures by Agape.

The master bedroom suite is equally jaw dropping, its Aspen lodge aesthetic providing an entire glass wall opening onto the terrace. Mezzanine features sprawling millwork shelving and an enormous closet. Powder room on the main level sports washer/dryer but can be expanded to include a shower.

This penthouse is the crown jewel of this unique property which was originally built in 1905 as the Congregation Beth Hamedrash Hagadol Anshe, later converted to coop in 1985and since landmarked.

With extremely low maintenance and an investor-friendly sublet policy,this is a both a gorgeous showpad and a uniquely valuable real estate asset. Down the street from Tompkins Square Park, close to the F, 6, and L trains, and with great restaurants like Lavagna and Gemma in striking distance, this is the perfect home for the executive looking for either great privacy or a fantastic entertaining space, or perhaps both.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 242 East 7th Street

Building Amenities

  • Conversion Year: 1985
  • Walk Up
  • Intercom

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