Total Est. Monthly Carrying Cost:
$17,243 ($12.66/ft2)
Note: the above is based on a down payment of 10% ($199,500),
which is the minimum amount permitted by the building.
Description
200 EAST 69TH STREET IS UNDERGOING LOCAL LAW 11 WORK FOR AS YET UNDETERMINED TIME. CONSEQUENTLY ALL TERRACES AND BALCONIES HAVE BEEN CLOSED AND ACCESS TO THEM BARRED FROM THE OUTSIDE. THIS IS A LONG TERM INVESTOR OPPORTUNITY ONLY UNTIL SUCH TIME AS THERE IS ACCESS TO THE TERRACE.
4BC CAN NOT BE RENTED OR LIVED IN AAT PRESENT.
HOWEVER, ONCE THE WORK IS FINISHED THIS IS GOING TO BE A SPECTACULAR APARTMENT.
A huge wrap around terrace (1,400 SF) that happens to come with a 2 bedroom, 2.5 marble bath condo. The terrace is accessible from all rooms and has a water source, an irrigation system, lighting and plants.
This apartment . This bright apartment has exposures to the North and West, with floor to ceiling windows, high ceilings, central air conditioning, spacious closets(the master bedroom has a fully built out walk in closet and a separate closet for shoes.. The master bath has two sinks, a jet tub, and separate stall shower.
There is a powder room and a vented Washer/dryer. There is also a separate dining area off the living room adjacent to the kitchen.
Because it is surrounded by the terrace and set back from the street the apartment is even more immune to street noise.
Trump Palace is in a superb location convenient to the restaurants, shops and cultural institutions for which the Upper East Side is famous.
An ideal solution to the realities of the new normal, the unit offers a hassle free environment and access to fresh air and sunshine without having to open the front door or go through the lobby. And to make it more enticing, the building allows electric grilling on the terrace!
The building garage, reachable directly from the lobby, allows for quick getaways. The building has a Fitness Center, Central Laundry Room and private storage. Naturally the doorman are 24/7 along with a concierge and resident manager.
As it is a condominium there is no invasive coop application process. The property makes a very attractive investment vehicle as well. The annual rent role is $90,000 and the tenant has expressed interest in extending the lease.
The apartment can also be delivered vacant. The Food Emporium is in the building and J.G. Melon, T Bar and Citarella are just a few of the enticing spots within a short walking distance.
There is even a Target two blocks away - the first one to come to the upper east side. A monthly assessment of $2,259.55 is in place until June 2021.
The building is close to all forms of mass transportation.
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