150 East 61st Street, Unit 7E
150 East 61st Street, Unit 7E
Permanently Off Market
Permanently Off Market
Description
Please note that, while this is a land-lease building, this building does not come with the usual issues found with one. The land-lease was renegotiated in 2010 and runs for another 88 years until 2109, with no additional rent escalations. This is a very favorable land lease with a scheduled decrease in 2025 and all remaining future adjustments based on the consumer price index (which is substantially less than many coops maintenance increases). The current monthly carrying costs for this apartment is $2,890 for maintenance and $1,622 for the lease assessment which cumulatively comes to $2.95/square foot, right in line with the current median carrying costs of a condo in NYC of about $3.00/square foot.
An additional bonus is that all necessary capital improvements and upgrades have been done and paid for by the building already - these include new central air-conditioning equipment and risers, local law 11 exterior work, new sidewalks and tree pits, new roofs, upgraded and modernized elevators and renovated lobby and hallways.
150 East 61st Street is a well-run, full-service, pet-friendly cooperative with a 24-hour doorman, live-in super, fitness room, laundry room, bicycle room, private storage and on-site parking garage. The building is situated on the corner of 61st Street and Lexington Avenue, with easy access to Central Park, numerous transportation options (including N/Q/R/W/4/5/6/F trains). Pied-a-terre, foreign purchasers, co-purchasing, gifting, and parents purchasing are all permitted with board approval along with 70% financing.
Welcome home!
Listing Agents
![Mark Landisman]()
mark.landisman@compass.comP: 516.816.7511
![Julie Newdow]()
julie.newdow@compass.comP: 917.613.3875
Amenities
- Full-Time Doorman
- City Views
- Gym
- Common Media / Recreation Room
- Working Fireplace
- Hardwood Floors
- Elevator
- Washer / Dryer in Unit
Location
Property Details for 150 East 61st Street, Unit 7E
| Status | Permanently Off Market |
|---|---|
| Days on Market | 132 |
| Taxes | - |
| Maintenance | $2,890 / month |
| Min. Down Pymt | 30% |
| Total Rooms | 5.0 |
| Compass Type | Co-op |
| MLS Type | - |
| Year Built | 1960 |
| County | New York County |
Building
150 E 61st St
Location
Virtual Tour
Building Information for 150 East 61st Street, Unit 7E
Payment Calculator
$11,366 per month
30 year fixed, 7.25% Interest
$8,476
$0
$2,890
Property History for 150 East 61st Street, Unit 7E
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 150 East 61st Street, Unit 7E
Schools near 150 East 61st Street, Unit 7E
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
East Side Elementary School, PS 267 PublicK to 5 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Jhs 167 Robert F Wagner Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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