343 East 74th Street, Unit PH1D

The Forum Upper East Side, Manhattan, NY 10021

$1,850,000
Price
3
Beds
3
Baths
1
1/2 Bath
1,862 Sq. Ft.
$994 / Sq. Ft.
1,862
Sq. Ft.
$994
per Sq. Ft.

Property Details for 343 East 74th Street, Unit PH1D

StatusActive
Total Rooms6.0
Year Built1987
DOM81
Compass TypeCondop
MLS Type-
Taxes-
Maintenance$5,273 / month
Minimum Down Payment-
CountyNew York County

Building

The Forum

149 Units25 StoriesBuilt in 1987

Listing Agent

Contact Agent(s)

Description

This architecturally significant and recently renovated 3 bedroom, 3.5 bathroom 1862 SF duplex penthouse is now on the market for under $1000 per square foot. On the corner of the building with open city views to the South and West, the apartment is very bright throughout the day. Additional apartment features include high ceilings, top end appliances, a wood burning fireplace, stunning large windows throughout and generous storage space.


The lower entry level features an eat in kitchen open on two
... sides to a large living room. A powder room is conveniently located nearby and on the opposite end is one of three bedrooms with its own en suite bathroom. This room is currently being used as a home office and playroom but can easily accommodate a queen bed. The kitchen has been completely rebuilt and is outfitted with custom cabinets, a Wolf 5 burner range, Miele refrigerator and oven and mosaic custom tile work. An incredible feature of the dining area is a double height slanted window which stretches from the lower leveal to the upper level of the home.


A custom staircase leads to the upper level where there is an oversized corner master bedroom with a large walk-in closet. A five fixture en suite master bathroom has deep soaking tub and double vanity. A third bedroom with its own en suite bathroom is located on the opposite end. A new owner has the option of entering the home on this level as well. Modern conveniences include low voltage automated shades and an in unit washer and dryer.


This penthouse three bedroom opportunity represents an excellent value driven purchase opportunity versus the rental alternative.


THE BUILDING AND NEIGHBORHOOD


The Forum building amenities include a 24-hour doorman, live-in superintendent, parking garage, common roof deck and fitness center with steam and sauna. Neighborhood highlights include John Jay Park, great restaurants and shops and close proximity to the Q train and easy access to the FDR Drive. There is no board approval required and all purchase scenarios as well as unlimited subletting are welcome at The Forum.


LANDLEASE DETAIL


The Forum was granted a 149 year land lease with the Greek Orthodox church as landlord. There are 116 years remaining on the lease and its payments represent only 12% of the building's operating budget (2018). The building ground rent increases are very predictable with an average 2% increase per year annualized. The next increase will not occur until September 2027. *Buyers should consult their attorney on land lease details.


MAINTENANCE BUYDOWN


At our current ask price, we are offering a credit of $36,000 at closing as a 1 year $3,000/month credit against the maintenance. Actual maintenance is $8,273 per month.

Amenities

Full-Time DoormanConciergeCommon Roof DeckGymWorking FireplaceBuilt-InsHardwood FloorsHigh Ceilings

Location

Listing Agents

  1. Josh Doyle

    Listing Agent

    Compass

    josh.doyle@compass.com

    P: 917.279.4969

  2. Nick Gavin

    Listing Agent

    Compass

    nick.gavin@compass.com

    P: 646.610.3055

  3. The Gavin | Doyle Team

    Listing Agent

    Compass

    gdt@compass.com

    P: 646.610.3055

Building Information for 343 East 74th Street, Unit PH1D

Building/ComplexThe ForumFloorPH1Stories25Residences149Pet PolicyAllowedYear Built1987Building AgePost-warBuilding TypeHighrise

Payment Calculator

$11,927 per month

30 year fixed, 3.51% Interest

Principal and Interest

$6,654

Property Taxes

$0

HOA Dues

$5,273

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Property History for 343 East 74th Street, Unit PH1D

DateEvent & SourcePriceAppreciationLink
Sep 25, 2019Listed (Active)

Manual #7a0d406a5f68d81c36773a94c8878899b83b1e15

$1,850,000
Sep 24, 2019Temporarily Off Market

RLS #OLRS-1814953

Sep 23, 2019Exclusive Expired

RLS #OLRS-1814953

DateEvent & SourcePrice
09/25/2019
Listed (Active)

Manual #7a0d406a5f68d81c36773a94c8878899b83b1e15

$1,850,000
09/24/2019
Temporarily Off Market

RLS #OLRS-1814953

09/23/2019
Exclusive Expired

RLS #OLRS-1814953

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 343 East 74th Street, Unit PH1D

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
The Cathedral SchoolPrivatePK-80.0 mi
NR
Eleanor Roosevelt High SchoolPublic9-120.1 mi
10
Jhs 167 Robert F WagnerPublic6-80.2 mi
10
Birch Wathen Lenox SchoolPrivateK-120.2 mi
NR

The Cathedral School

PK-8, 0.0 mi, Private

NR

Eleanor Roosevelt High School

9-12, 0.1 mi, Public

10

Jhs 167 Robert F Wagner

6-8, 0.2 mi, Public

10

Birch Wathen Lenox School

K-12, 0.2 mi, Private

NR

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.

Upper East Side
An upscale neighborhood with affluent roots.

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Similar Homes

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343 East 74th Street, Unit PH1D is a condop for sale in Upper East Side, Manhattan, NY 10021. This property was listed for sale on September 25, 2019 by Compass at $1,850,000. It has been on the market for a total of 81 days and was last sold on May 6, 2010. Nearby schools include Manhattan Bridges High School, New Design High School and Nyc Lab Ms For Collaborative Studies. 343 East 74th Street, Unit PH1D is a 3-bed, 3.5-bath, 1,862 sqft condop built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY