The Forum at 343 East 74th St. #5J

$1,979/mo maintenance and reasonable asking price of $749,000 combine to make this land lease condop an attractive proposition.

PRIVATE SHOWINGS BY APPOINTMENT MADE 48 HOURS IN ADVANCE.

Unlimited financing. No Board approval. No interview. No Board package.
Faces south and has balcony off the living room. W/D in unit. 831sf 1-bedroom with 1.5 baths and great light. Free 24/7 gym. Roof deck. Garage.

Expansive living room with convenient dining area. Guest half-bath. Perfect for entertaining. Light filled and large bedroom facing south and east, with loft-like floor to ceiling windows. Recently renovated, wide, galley kitchen. Recently renovated master bathroom. Move-in condition, or make some cosmetic upgrades in this alteration-friendly building.

For 2014 just under half of maintenance was tax deductible, making for low, net after tax ownership cost, approximating rent for equivalent UES space. Ask your CPA.

Building upgrades: new hallways completed in April 2011; new elevators completed September 2011; exterior restoration (previously paid for) and in progress.

Perfect opportunity to buy pied a terre, with no red tape. Several floor to ceiling windows. Bedroom has good morning light with one east-facing window.

Layout Note: There is a lot of space here. Please study the floorplan and call with questions to see if it meets your needs.

Financial Note: This building has a long-term ground lease. Thus, the purchase price (and cash needed to close and mortgage amount) is lower than the condo competition, but the monthly maintenance is a bit higher. The desirability of this arrangement depends on the buyer’s financial style. Some buyers prefer to the lower upfront cash requirement; others prefer a higher cash requirement with a lower monthly. This is a buyer’s choice.