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

The Excelsior, 303 East 57th Street, #27L

$259,000 ($609 per ft2) -5.8% | Studio, 1 bath | Approx. 425 ft2
386 days on Market

Key Details

  • Listed Nov 10, 2020
    Last Price Change -5.8% ($6,000) on Aug 19
    Days on Market 386
    Building Type Cooperative
    Neighborhood Midtown East
    Doorman FT Doorman
    Listing viewed 3,323 times
Monthly Maintenance $1,228 ($2.89/ft2)
Total Taxes & Fees $1,228 ($2.89/ft2)
Est. Monthly Mortgage $552
Total Est. Monthly Carrying Cost $1,780 ($4.19/ft2)

Description

Welcome home to this amazing studio loft apartment at The Excelsior, one of the most prestigious buildings in Manhattan.
ONLY 50% Financing is allowed in this building.

This pristine studio is beautifully-designed with tall ceilings. The unit features a huge loft, incredible custom cabinetry/storage space and oversized north facing windows with open views of the city skyline, the Queensboro Bridge, the East River, LIC.

This loft has some of the best city views in Midtown East.

There is lots storage besides the closet space because the loft space gives you a lot of options to work with. Another great feature is the kitchen which is located in a separate room from the living space something that is becoming harder to find in studios nowadays.

The bathroom is surprisingly large and elegantly designed. This really is an amazing opportunity for a buyer.

The laundry room is conveniently located on the floor so it is a short trip from the apartment to do a laundry run. The Excelsior is luxury coop with 24-hour service, including doormen and concierges.

There is an amazing gym, spa, pool, and roof deck. The building also has a 24-hour garage, a driveway, and a valet.

Perfect location!

Close proximity to some of the best restaurants and shops in Manhattan including Bloomingdales, Saks Off Fifth, etc. Whole Foods is less than one block away!!!

Close to the 4, 5, 6, N, W, R, Q, E, M trains.

As well as uptown, downtown and crosstown buses on 57th St.

Pied-a-terre and pets allowed!

The building was designed by Phillip Birnbaum and was constructed 1967. It has 48 floors and 374 residential apartment units.

Building features include a concierge, doorman, health club, roof deck, swimming pool, garage, laundry and dry cleaning service.
This building is a land-lease co-op.
Additional information:
There are no assessments planed.
There are currently no planned major capital improvements for the Building.
The Building has approximately $5million in it’s reserve fund.

The Corporation has the unilateral right to extend the ground lease through 2064. Also, the next extension in 2038 has no conditions.
The approximate percent of maintenance increase in 2010 was 23% due to the ground rent increase.

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Apartment Amenities

  • Northern Exposures
  • City View

Similar Apartments Nearby

 

Pricing History

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About The Excelsior, 303 East 57th Street

72

The Excelsior, 303 East 57th Street has received a CityRealty Rating of 72, 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

25
Out of 44
+
21
Out of 36
+
18
Out of 39
+
8
=
72
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
Exists 1 out of 3 points
Contextual Design:
No and Bad 0 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Only Top Floors 1 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:
3-5 Short Blocks 1 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:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Many 2 out of 3 points
Health Club:
Yes, with Swimming Pool 2 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:
None 0 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:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points
  • Co-op
  • Built in 1967
  • 360 Apartments
  • 47 Floors

Building Amenities

  • Concierge
  • Elevator Operator
  • FT Doorman
  • High-Rise
  • Post War
  • Full Service Garage
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Valet Parking
  • Fitness Center
  • Rooftop Terrace
  • On-Site Parking
  • Laundry Room
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
  • Porte-Cochère / Driveway
  • Terraces / Balconies

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Pros
  • Many apartments have impressive views
  • Doorman
  • Health club with pool
  • Garage
  • Spacious lobby
  • Close to Subway
Cons
  • Heavy traffic and noise at busy intersection
  • No sundeck
  • Conventional and small layouts
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Subways

  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at 3rd Ave and 60th 0.26 miles
  1. M
  2. E
at Lexington Ave and 53rd 0.27 miles
  1. F
at Lexington Ave and 63rd 0.36 miles

Other Apartments Available in this Building (35)

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Listing provided courtesy of The Lion Real Estate