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

The Spencer Condominium, 1 East 62nd Street, #2A

Listing no longer available on CityRealty as of Jun 4, 2022
It previously was on the market for a total of 149 days.
2 apartments are currently available in this building.
149 days on Market

Pricing History

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Key Details

  • Listed: Jan 6, 2022
    Last Price Change: -20% ($1,000,000) on May 10
    Days on Market: 149
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 595 times
Monthly Common Charges: $7,321
Monthly Real Estate Taxes: $2,575
Total Taxes & Fees: $9,896 ($3.82/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $28,002 ($10.82/ft2)
Note: the above is based on a down payment of 20% ($799,000), which is the minimum amount permitted by the building.

Description

1 East 62nd Street is one building from Fifth Avenue and Central Park, on a block that retains a most impressive group of turn of the century mansions, some of which are deemed among the finest on the Upper East Side of Manhattan.

Together they create the luminous limestone streetscape opposite 1 East 62nd Street, a 42-foot wide neo-French classic style mansion also in white limestone designed in 1903 by Horace Trumbauer. Another limestone mansion Trumbauer designed for James B. Duke - for whom he also planned Duke University - at 1 East 78 Street is also revered and has been designated a New York City landmark.

Trumbauer’s extraordinary work was in the Beaux-Arts style but more restrained and less exuberant and with a powerful simplicity that anticipated a more modern concept of elegance.

The house Trumbauer created at 1 East 62nd Street was a superior example of his forward-looking vision.

JOHN R. DREXEL MANSION

The father of the creator of this mansion was Anthony Joseph Drexel, Senior, who founded Drexel, Morgan & Co. in New York in 1871 with JP Morgan as his junior partner at the urging of his father, Junius Spencer Morgan.

The company thrived and played a major role in the rise of global finance after the American Civil War. The Drexel fortune then passed to his son and wife, John and Alice Drexel.

To assert their position in society, their first step was to engage Horace Trumbauer to build this impressive mansion in 1903, which would cost $700,000.

It is a 42-foot wide elevated white limestone structure of seven stories. In 1938 it was converted into 12 luxury apartments.

For example, the penthouse is 5,190 square feet with 9 rooms and 2 terraces. Ernest Hemingway chose an apartment here as a private refuge for his writing.

THE APARTMENT

Apartment 2A offers the rare opportunity to acquire the front rooms spanning 42 feet on the second floor, arguably the most dramatic floor in any large mansion. The space is amplified by the size of the three huge floor-to-ceiling windows and the constant light that pours into the room.

This floor was originally designed to include the ballroom of the mansion.

Upon entering, the space almost feels like an extraordinary movie set, a feeling perhaps augmented by the ceilings, which measure 16 feet 4 inches in height. The massive living room has an extraordinary fireplace. The dining room is open and leads to a kitchen and second bedroom with windows to the west and north, a laundry room and a full bathroom.

Curved stairs ascend to a primary bedroom with corner windows to the south and west towards Central Park and a full bathroom. There are 10 closets on the lower level and 13 closets on the upper level.

One can truly say that there is no other apartment like this one in New York - while at the same time the vistas out the windows evoke a vista in Paris.

A remarkable space in a perfect place.

EXCEPTIONAL SERVICE

With so few apartments, the building has assembled a superb staff. It is an exceptional pleasure to walk into this lobby, as the 24-hour doormen are so pleasantly cordial and yet skillfully security conscious.

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Apartment Amenities

  • Washer/Dryer in apt.

About The Spencer Condominium, 1 East 62nd Street

81

The Spencer Condominium, 1 East 62nd Street has received a CityRealty Rating of 81, 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

24
Out of 44
+
28
Out of 36
+
19
Out of 39
+
10
=
81
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
No Consistency 0 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unrelated Base 0 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 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 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:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
3-6 Short Blocks 1 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:
2 4 out of 5 points
Ceiling:
14 or more Feet 4 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 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:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points
  • Condo
  • Built in 1910
  • 12 Apartments
  • 6 Floors

Building Amenities

  • FT Doorman
  • Pre War
  • Walk Up
  • Intercom

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