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A blog from CityRealty (Links below will take you to the 6sqft site)
In Contract

Le Bourgogne, 157 East 72nd Street, #1H

$450,000 ($643 per ft2) | 1 bed, 1 bath | Approx. 700 ft2
70 days on Market

Key Details

  • Listed Sep 21, 2021
    Days on Market 70
    Building Type Condominium
    Neighborhood Lenox Hill
    Doorman FT Doorman
    Listing viewed 522 times
Monthly Common Charges $1,190
Monthly Real Estate Taxes $950
Total Taxes & Fees $2,140 ($3.06/ft2)
Est. Monthly Mortgage $1,535
Total Est. Monthly Carrying Cost $3,675 ($5.25/ft2)

Description

INVESTORS ONLY – Tenant In Place – LIFE TENANT Paying $837.50/Month, will transfer to purchaser as is with life tenancy, and then no restrictions post current tenant’s occupancy. Please call for additional details, Showings By Appointment Only – 48 Hours Notice Required. Charming Lenox Hill 1 bedroom condo with a lifetime tenant already in place.

At $550,000 listing price, this is nearly 50% off market value, and will appreciate tremendously once current tenant relinquishes occupancy. Special Opportunity for an investor with long term goals. This 1-bedroom, 1-bathroom condo is a tremendous opportunity to invest and own in one of the most sought after locations in the entire city on 72nd Street and 3rd Avenue. Hardwood floors, beautiful crown molding, tons of closet space, and classic sash windows with sunny southern and eastern exposure, one flight up from the lobby. Entryway equipped with a walk-in coat closet, flowing into a 22-ft long living and dining area saturated with natural light.

Just off the dining area is a large windowed kitchen equipped with sleek countertops, pantry and stainless steel appliances. The spacious bedroom has dual exposure and easy access to a large closet as well as a pristine, windowed full bathroom with marble floors and subway tiled walls. La Bourgogne is a full-service condominium located in the heart of the Upper East Side on 72nd street and 3rd Avenue. Surrounded by restaurants, bars, cafes, and shops, just three blocks from Central Park and Museum Mile.

Amenities include a 24-hour doorman, live-in super, bicycle storage, a common laundry room, and private rooftop deck with stunning views of the city skyline. Nearby subway lines include the 4/6/N/Q. Pets are welcome. NO S – 48 HOURS NOTICE MINIMUM REQUIRED FOR ALL PRIVATE SHOWINGS

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Pricing History

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About Le Bourgogne, 157 East 72nd Street

59

Le Bourgogne, 157 East 72nd Street has received a CityRealty Rating of 59, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
24
Out of 36
+
12
Out of 39
=
59
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points
  • Condo
  • Built in 1923
  • 147 Apartments
  • 15 Floors

Building Amenities

  • Conversion Year: 1984
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Full Service Garage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Beautiful frieze of putti and shields along top of the first floor
  • Central Upper East Side location
  • Close to many restaurants and major neighborhood stores
  • Convenient cross-town bus service
  • Concierge
  • Doorman
  • Pre-war construction
  • Elegant street
  • Nice detailing
  • Close to Subway
Cons
  • No health club
  • No sundeck
  • No balconies
  • Not many major views
  • Considerable traffic
  • No garage
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Subways

  1. 6
at Lexington Ave 0.20 miles
  1. F
at Lexington Ave and 63rd 0.47 miles

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Listing provided courtesy of Serhant