Reimagine your dream space at 55 E 56th Street in apartment 6C!
Perched amidst the cultural vibrancy of Manhattan's Upper East Side, a charming one-bedroom, one-bathroom cooperative apartment is waiting for your personal touch. A rare and appealing blend of location, potential, and value, this property is an unpolished gem that offers a unique opportunity for the discerning buyer.
The apartment welcomes you with a spacious kitchen, ripe with potential for expanded storage with additional cabinetry, thanks to its high 10 ft ceilings. A simple redesign could infuse this gateway with your personality, making it a welcoming introduction to your urban sanctuary.
Beyond the kitchen, the heart of the home truly lies in the generously proportioned living room, accentuated by dual windows. A character-filled decorative fireplace adds a note of timeless charm to this versatile space, perfect for both entertaining and tranquil moments of solitude.
The spacious bedroom, comfortably accommodating a queen bedroom set, comes equipped with a wall of closets and an ensuite bathroom for the utmost privacy. This bathroom also presents the opportunity for an additional access point from the main living area, with some minor renovation work.
While this apartment is poised for an update to truly shine, it's important to remember that it is more than a potential-filled interior. You'll be part of a well-established cooperative building in the heart of the Upper East Side, a neighborhood renowned for its world-class museums, sophisticated dining, high-end shopping, and a host of green spaces, including Central Park, just a few blocks away.
Located in a stately former mansion on a beautiful tree-lined block, this landmarked 7-floor boutique cooperative building is a gem to behold. The co-op is a pet friendly, and has a live-in super, storage units, bike room, and laundry.
Moreover, living in 55 E 56th Street places you at the center of a transportation nexus, with a multitude of bus routes and nearby subway stations offering swift access to the F, Q, 4, 5, 6, and N, R, W train lines.
This is more than just a purchase. It's an opportunity to take a blank canvas and transform it into your dream city dwelling. With its reasonable price point, and sought-after location, this apartment offers an ideal chance for the savvy investor or first-time buyer alike to stake their claim in one of the world's most desirable neighborhoods. Embrace the chance to curate your dream lifestyle in this home ready to be molded to your vision.
Open House appointments need 24 hours advance notice.
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $388,000 | $388,000 | $388,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,421 | $2,358 | $3,066 |
Total Monthly Payment | $2,496 | $2,433 | $3,141 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.