La Bourgogne at 157 East 72nd St. 8I

RENT STABILIZED TENANT IN PLACE. INVESTORS ONLY. PLEASE INQUIRE BY EMAIL. An amazing gem of an investment opportunity! Regulated tenant in place paying $1,117 per month. Total monthly carrying costs for the owner is $2,171, so there is a deficit of $1,054 per month. Please note that this is similar units in the building have recently sold for $900k+, making for an incredible upside when the apartment becomes vacant. PLEASE NOTE, the tenant can renew the lease for as long as they would like, but the lease cannot be passed down.

This large South facing one bedroom is beautifully designed and cared for by this very stylish tenant. Enter the long entry hall with a sizable coat closet leading to the generously proportioned and sun flooded living room. There is a King sized bedroom with 2 large closets and an en suite bath, a charming efficiency kitchen, and lovely prewar details throughout.

La Bourgogne, or 157 East 72nd Street is an attractive prewar condominium built in 1923, known for its stunning roof terrace with panoramic city views. It is perfectly located on one of the most desired block of the Upper East Side, between Lexington and 3rd Avenue, just a few blocks away from Central Park, Museum Mile and close from all major transportation.

Please note, there is a current assessment of 268.74/month