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170 East End Avenue
New York, NY 10128
Shirley Hackel with Compass, original listing -
$6,100,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2716 Square Feet
Property Description
High atop this extraordinary condominium designed by esteemed architect Peter Marino and overlooking Gracie Mansion and the East River, a superlative seven room residence is for sale. Comprising 2,718 square feet, this very special home offers outstanding views from every room. An expansive center gallery layout comprises living room, dining room, great room, kitchen, three bedrooms and three and a half bathrooms. Grand and gracious throughout, this highly coveted, yet rarely available B-line is flooded with natural light from sunrise to sunset. Floor-to-ceiling windows wrap around the unit's perimeter, offering sweeping vistas of the river and park in the east-facing rooms and dazzling city skylines in the west-oriented rooms. The entertaining space stretches for nearly 60 and spills loft-like into an adjacent great room and open kitchen. Three spacious bedrooms occupy three of the corners of this home. Each has an ensuite marble bath and ample custom fitted closets. The primary five-fixture bathroom features a deep-soaking tub, dual vanity and glass-enclosed shower. The third bedroom can double as a library and is accessible from both the foyer and the living room. A cook s kitchen is equipped with appliances by Subzero, Miele, Wolf and LG and includes a wine refrigerator and a vented stacked washer/dryer. Situated in one of Manhattan's prettiest and most coveted residential enclaves, at the entrance of Carl Shurz Park and the East River promenade as well as the Mayor s Gracie Mansion residence and nearby Asphalt Green, the prestigious 19-story 170 East End Avenue provides an extraordinary lifestyle for its residents. A Resident Manager and accommodating staff offer 24/7 white-glove service. Rich in amenities, the condo boasts an on-site garage, landscaped garden, state of the art fitness center with pilates room and yoga studio, squash/basketball court, golf simulator, children s playroom, library/lounge, 40-seat screening room and billiards/arcade game room. Away from the city tumult but within minutes of every convenience, including transportation, retail and dining options, the property is unrivaled. There s easy access to the FDR, the Q and Lexington Avenue trains, crosstown bus and the NYC Ferry on 90th Street. Nearby shopping and restaurant options are plentiful. Pets are welcome with board approval. A large storage cage transfers with the sale. NOTE: Also available for purchase from this owner is a 400 sf studio apartment on the ground floor suitable as an office, separate guest room or staff quarters. Purchase price is $675,000. As there are only 6 of these studios in a building with more than 90 homes, this is highly valued and may only be sold to a unit owner. Shown By Appointment Only.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
170 East End Avenue
City
New York
State
NY
Zip Code
10128
County
NEW YORK (UPPER MANHATTAN)
Listing
Provider
Name
Phone
(914) 980-0371
Office Name
Office Phone
Agent Name
Shirley Hackel
Agency Phone
(646) 586-8268

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.