Property Detail

Features	Financial
Location: Upper East Side NET#: 561870 Status: In Contract Type: Style: Post-War Rooms: 6.0 Bedrooms: 3 Bathrooms: 3.5 Sq Ft: 1,862 Doorman: Yes Pet Friendly: Yes Outdoor S.: No	Price: $850,000 Maintenance: $6,586 Financing Allowed: 90%

343 East 74th Street

Condop Tower Duplex 3 Bed Penthouse NBA
FOR FINANCIALLY SAVVY BUYERS ONLY WHO CAN DO THE MATH. PLEASE READ WHOLE LISTING. This good value (low in purchase price with high maintenance of $6,275.12) corner three bedroom apartment (1862 square feet) has the feel and privacy of a "Townhouse in the Sky." Southwest open city views throughout. Condop. No Board Approval. 90% financing allows for an easy transaction. The dramatic loft like living room with high ceilings and oversized windows has a wood burning marble fireplace which provides an intimate, yet spacious feel. The apartment features include a washer/dryer, herringbone wood floors and marble baths. There is no private outdoor space but you may enjoy the roofdeck. The Forum, a full service building on a tree lined street offers a free state of the art Cybex gym, and cardio room, roof garden and parking garage. Sublets and pets are permitted. Close to mass transportation, schools and restaurants.

FINANCIALLY SAVVY BUYERS PLEASE NOTE: Even though the monthly maintenance is $6,275.12, the maintenance is about 49% tax deductible, and the low purchase price(about $456/sf) offsets high maintenance to produce a very low net after tax ownership cost to make this one of the best UES values in a No Board Approval full service building.

FURTHER NOTE: There is no mechanism to lower the maintenance. Celebrate the low selling price instead. If your dream is to buy an apartment for 30 years and pay off your mortgage and have no expenses, this is not for you. If your dream is to have a large 3 bedroom apartment at a competieive price compared to rent, this is for you. Ask for a customized spreadsheet to show your CPA.

Assessment for hallway upgrade in effect for 6 months (from 4/1/10 to and including 9/1/10) in the monthly amount of $1,199.83. Seller pays monthly installments due through closing date. Purchaser pays monthly installments due thereafter.

Maintenance: 49% tax deductible.