301 East 62nd Street - Lenox Hill
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301 East 62nd Street is a 14 story brown brick cooperative built in 1958 and converted in 1985, housing 165 units in the heart of Lenox Hill. The building stands out with its distinctive white brick base, canopy, and unusual angled black granite planter ledge containing polished stones in Japanese fashion. This full service building offers a 24 hour doorman, concierge, live-in superintendent, and a beautifully landscaped rooftop terrace with panoramic city views. Additional amenities include bike storage, laundry facilities, storage units for a fee, and an on-site parking garage accessible through the basement.
The building boasts exceptionally strong finances thanks to its ownership of retail space with long term commercial tenants, including Chase Bank and the parking garage, which contribute to remarkably low maintenance fees ranging from $660 to $1,194 among the lowest in the neighborhood. Recent capital improvements include new elevators and a dual fuel heating system installed in 2012, and the building carries no assessments. The cooperative allows 75% financing, pied-à-terres, and guarantors, with no transfer tax, making it particularly attractive to investors and buyers.
Apartments throughout the building commonly feature south facing exposures with abundant natural light, hardwood floors, renovated kitchens with modern appliances and granite countertops, and generous closet space including walk-in closets in many units. Several units offer oversized layouts, with studios that can easily convert to one bedrooms, and some apartments feature spectacular private terraces, including one unit with a 700+ square foot planted terrace with built-in lighting, surround sound, and outdoor electricity. The building is pet friendly, welcoming dogs under 30 to 50 pounds depending on the unit.
Located in prime Lenox Hill, the building offers exceptional transportation access with proximity to multiple subway lines including the Q, F, 4, 5, 6, N, and R trains at the nearby Second Avenue subway stop, plus easy access to the Hampton Jitney and 59th Street Bridge. The location provides convenient access to Central Park, the renovated East River dog park, Trader Joe's, and numerous restaurants and shops, while being just steps from the bustling Second Avenue corridor near the Queensborough Bridge.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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