501 East 79th Street #2FE

Upon entering the apartment, you are greeted by an impressive entrance hall. The apartment faces East and West, and the grand living room and entertaining area both face the 1500 sf private terrace, perfect for dining, hosting, and gardening. There is a formal dining room (which could be a fifth bedroom) with two additional bedrooms on one wing and two bedrooms on the other. All bedrooms have easy access to the 3.5 baths. The master suite with its en-suite bath has a huge dressing room that could be an office or nursery. This home enjoys a large eat-in kitchen with two dishwashers, and the kitchen table sits comfortably in its own niche also overlooking the landscaped terrace. Some other excellent features of the apartment are a full laundry room with washer/dryer, new wood floors, a marble floor entryway, a self-watering system on the terrace, decorative fire place, and an amazing amount of storage. There are only six apartments on this floor. The apartment feels like a house in regard to layout, size, outdoor space and storage, but has the benefit of being in a well-managed cooperative with full time doorman and live-in resident manager. It has a beautiful roof-deck and discussions for a gym. The building has excellent financials generated by commercial rental income, and the low maintenance includes all utilities including electric! The building is minutes to Carl Schurz Park and the Promenade along the East River with dog parks and playgrounds as well as John Jay Park with pools and basketball courts. Transportation is convenient, as it's close to the 6 and Q subway lines, the crosstown 79th Street bus, M31, and taxi line to the downtown financial district. Excellent private and public schools are just a block or two away, as well as fabulous restaurants, shopping, a library and post office. Please note: The building is currently undergoing a total facade change which will be beautiful when completed. Completion is expected to be December 2020, and the work is currently ahead of schedule. The building is also doing a brand new lobby and elevators. For this work, the assessment for this apartment is $1,031/mo until 2022, at which time the maintenance will be back to $3,596.08. Even with the assessment (which is temporary),the carrying charges are still very low for this amount of square footage.