NOT LISTED FOR SALE

Estimated Value: $433,869

Studio
1 Bath
-- Sq Ft
$882/ mo HOA Fee

Last Sold June 04, 2020

Last sale price $375,000

Est. 16% increase in value since last sale

Current estimated payment $3,574/month

195 Days on Market

Highlights

  • Garage
  • Laundry Facilities
  • 4-minute walk to Tramway Plaza
  • East Side Elementary School, P.S. 267 Rated A
  • South Facing Home

About This Home

As of June 2020

Facing south with abundant direct sun and street views highlight this comfortable studio in Regency East. With a sizable 8 ft. by 7 ft. - 7 in. galley kitchen that can accommodate a pass-through to the living room, Apt. 9E features central air, rock-solid oak floors, a white tile bathroom and 3 generous closets. As a shareholder in this financially strong residence with income generating commercial tenants, you'll enjoy all of the benefits of a vibrant co-op undergoing a complete renovation.Please Note: Unlike the vast majority of co-ops and condos, the annual NYC Condo and Coop Tax Abatement at Regency East is credited back when new shareholders of primary residences qualify with the City. Net of this tax abatement (most recently $1,647 for Apt. 9E), the monthly maintenance averages approximately $882, a savings of approximately $137. Prior to primary residents qualifying and for secondary home shareholders, the gross maintenance is $1,018.52. Monthlies are further enhanced by 53% tax deductibility and a bulk discount for both electric and cable.Regency East is a 100% shareholder owned cooperative, built in 1963 and converted in 1987, with exceptional financials, 75% financing, no flip tax, central air conditioning and heating, a new mobile-app based laundry, Shred-X secure document destruction, Bright Horizons Day Care (beginning construction), 301 Park garage and both Verizon fios and Spectrum service providers. Washers and dryers are now permitted with Board approval. Regency Easts infrastructure was completely upgraded (i.e. a dual natural gas/refined heating oil system, new chiller for the central air and the elevator systems). The hallways were completely renovated with the lobby to follow Bright Horizons' completion (all paid for). The Corporation owns the land and the four commercial leases, permits guarantors, gifting, pied-a-terre ownership and has flexible subleasing. Notable amenities in the immediate area: Barry's Boot Camp and drybar across the street, Purre Barre fitness, Health Nuts, CVS and Duane Reade on Second Ave., Massage Envy on 63rd St., and 5 Zipcar garages, 2 Equinox Health Clubs, SoulCycle and Flywheel within 3 blocks of Regency East..

Last Agent to Sell the Property

R Brian Philpott

Corcoran Group License #30PH0890639 Listed on: 10/28/2019

Corcoran Group

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1963

HOA Fees

  • $882 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 9th floor

Additional Features

  • 1 Full Bathroom
  • South Facing Home

Listing and Financial Details

  • Tax Block 1439

Community Details

Overview

  • 147 Units
  • The Regency East Condos
  • Upper East Side Subdivision
  • 19-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Co-Op

Year Built

Built in 1963

Lot Details

0 Sq Ft Lot

HOA Fees

$882 per month

Listing Details

  • Cross Street: Second Avenue & First Avenue
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Entry Level: 9
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 19

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 882.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Stock Cooperative

Lot Info

  • Lot Size Dimensions: 200.0 x 50.0

Building Info

  • New Construction: No
  • Building Name: The Regency East
  • Units: 147
  • Total Stories: 19
  • Year Built: 1963

Tax Info

  • Tax Block: 1439

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2020 06/04/20 Sold $375,000 -6.3% --
05/05/2020 05/05/20 Pending -- -- --
10/23/2019 10/23/19 For Sale $400,000 -- --
Source: Real Estate Board of New York (REBNY)

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10622694

Real Estate Board of New York (REBNY)
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