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The Spencer Condominium, 1 East 62nd Street, #5B

$2,750,000 ($2,117 per ft2) -8.2% | 2 beds, 2 baths | Approx. 1,299 ft2
266 days on Market

Key Details

  • Listed: Jan 6, 2022
    Last Price Change: -8.2% ($245,000) on May 2
    Days on Market: 266
    Building Type: Condominium
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
    Listing viewed 656 times
Monthly Common Charges: $4,629
Monthly Real Estate Taxes: $1,646
Total Taxes & Fees: $6,275 ($4.83/ft2)
Est. Monthly Mortgage: $14,225
Total Est. Monthly Carrying Cost: $20,500 ($15.78/ft2)
Note: the above is based on a down payment of 20% ($550,000), which is the minimum amount permitted by the building.

Description

This one of a kind full-service gilded age mansion offers the rare opportunity to enjoy old world elegance with the flexibility of a condominium, just off Fifth Avenue in one of the world’s most coveted locations. Located on a quiet tree-lined street, just seconds from Central Park, this sun-flooded two-bedroom, two-bathroom home is available for the first time in 45 years. With a European sensibility and ideal split layout, it is a perfect pied-a-terre.

Boasting ceilings that soar up to over 11 feet, fine casement windows, two fireplaces and beautiful prewar details throughout, this home is a true gem, perched atop one of the very few prewar mansions in New York City that have been converted to a condominium. Upon entering this remarkable building, the original Horace Trumbauer designed Reception Hall greets you with magnificence and grandeur and leads up to this one-of-a-kind residence. Step into a spacious entrance foyer that opens up to a cheerful windowed kitchen as well as a grandly scaled living/dining room with corner exposure that is anchored by a wood-burning fireplace. The split bedroom layout offers perfect separation of the two private spaces, each with splendid open city views and their own en-suite bathrooms.

The second bedroom, currently configured as a library, features a second wood-burning fireplace. The home is accentuated by beautiful hardwood floors, a washer/dryer, ample closet space and additional private storage in the basement. This stunning 42-foot wide limestone mansion was built at the turn of the century by the renowned architect Horace Trumbauer in the neo-French Classic style for John Drexel, a grandson of the founder of Philadelphia banking house Drexel & Co.

Converted into apartments in the 1930s, it has housed such notable artists as Ernest Hemingway. Now the Spencer Condominiums at 1 East 62nd Street, this distinguished building offers a full-time doorman and is mere moments to Central Park as well as the finest shops and cafes of Madison Avenue. The building allows 80% financing, pets, pied-a-terres, subletting and co-purchasing.

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Apartment Amenities

  • City View
  • Washer/Dryer in apt.

Listing Agent (Seller's Representative)

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Pricing History

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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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Pros
  • Arched windows on first floor
  • Limestone house designed by Horace Trumbauer
  • Close to Subway
  • Canopied entrance
  • Sidewalk landscaping
  • Very large lobby
  • 24-hour doorman
  • Few apartments
  • Some fireplaces
Cons
  • No fitness center
  • No concierge
  • No garage
  • No roof deck
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Subways

  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.15 miles
  1. F
at Lexington Ave and 63rd 0.27 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.29 miles
  1. M
  2. E
at 5th Ave and 53rd 0.47 miles

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Listing provided courtesy of Sotheby's International Realty, Inc.