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200 East 83rd Street
New York, NY 10028
Kyle Blackmon with Compass, original listing -
$12,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
3339 Square Feet
Property Description
Introducing Residence 34A, a never before lived-in rare gem nestled within the prestigious Robert A.M. Stern's architectural masterpiece at 200 East 83rd Street, one of the most important buildings to be built on the Upper East Side in the last 50 years. This meticulously crafted abode marks the debut of an unparalleled resale opportunity in this coveted building. Boasting five bedrooms and four and a half bathrooms, Residence 34A spans across a generous 3,339 square feet offering breathtaking vistas stretching across the North, South, East, and West. Upon entering the foyer unveils soaring ceilings, setting a tone of grandeur and elegance. Proceed through the gallery to the expansive Grand Salon, measuring an impressive 18 by 29 feet, the heart of this exceptional floor plan. The salon provides an ideal space for formal gatherings, showcasing fine art, or hosting intimate soir es, all while enjoying panoramic views of Central Park to the west. The fifth bedroom with an ensuite powder room sits to the south of the great room, and can also be used as a formal library. Adjacent to the Grand Salon to the north of the residence, discover the Chef's Kitchen, eat in space and an extra den area, where culinary enthusiasts will delight in the latest technology and design elements. The kitchen boasts a Miele 5 burner range and oven, dual Miele Dishwashers, Miele microwave/ speed oven and a steam oven, side by side refrigerator and freezer, and a full size Sub-Zero wine fridge. The bedroom wing, situated in the east, features individual bathrooms for each bedroom, while the primary suite boasts two walk-in closets and a luxurious five-fixture en suite bathroom. Completing this wing is a convenient laundry room with a washing sink. 200 East 83rd Street is a 35 story limestone tower that exemplifies luxury living and offers an array of upscale amenities. The tower features a seventy-foot swimming pool as its centerpiece, accompanied by a comprehensive wellness and entertainment suite, including a fitness center, yoga room, spa with steam bath and sauna, and a Winter Garden with a captivating fireplace and loggia. A vaulted porte-cochere with automated parking adds convenience, while a landscaped private garden and adjacent library and private cinema enhance the building's allure. The lobby is attended 24-hours a day with a doorman and concierge service. A special and extraordinary opportunity to purchase the first resale of this size in one of the most significant constructions to grace the Upper East Side in decades. With only 85 apartments and room for only 30 vehicles, Residence 34A conveys with a storage unit. Parking is available for purchase separately. Don't miss the chance to experience the epitome of sophisticated urban living at 200 East 83rd Street.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
200 East 83rd Street
City
New York
State
NY
Zip Code
10028
County
NEW YORK (UPPER MANHATTAN)
Listing
Provider
Name
Phone
(646) 798-8898
Office Name
Office Phone
Agent Name
Kyle Blackmon
Agency Phone
(646) 586-8268

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HUD Foreclosures

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.