The Forum at 343 East 74th St. #21B

High-Floor, Bright, Corner, 2 Bedroom, 2.5 bath Condop. Many large windows, most facing East. Private balcony to North open views. No Board Approval, No Financing Limits. Pied a Terre use allowed. Pets OK. No ownership waiting period for subletting nor limit on the number of sublease terms. Reasonable asking price and low net after tax ownership cost. Reasonable alteration procedure. Only 4 apartments per floor in the tower make for maximum privacy. New common hallways.

Unusual opportunity to take advantage of the low mortgage rates and to acquire a very nice-sized 1,111 sf apartment with split bedrooms (each with an en suite marble bath), a powder room, great closets, a W/D, as well as a renovated open kitchen at the very attractive asking price of about $1,035/sf. Free 24/7 gym. Roof deck. Direct-access, attended garage.

This UES apartment is just 2 blocks from the new 72nd Street entrance to the new Second Avenue Subway, which makes this apartment more centrally located than when the building was originally built. The impact of a relatively high maintenance of $3,300/month is more than offset by (a) its large tax deductibility and (b) the unit’s low asking price. Ask your CPA to run the numbers for its exact impact on you. The low asking price is made possible in part by the very long term land lease (with over 100 years to run, as renewed).