Southgate 434 E. 52 Street 9A NYC (1st & East River) is a beautiful spacious co-op Studio situated on a quiet cul-de-sac. Southgate is a classic example of high-quality pre-war architecture in Midtown East, offering a rare combination of tranquil residential living and immediate access to the bustling amenities of the neighborhood. This is an Active Listing.
This studio has a large functioning wood burning fireplace, two full closets, pantry closet and a custom-built queen size Murphy bed that maximizes floor space. Separate kitchen includes stainless fridge, dishwasher, gas range and microwave. The two-door layout (front and service entrances) is a charming historical detail found in upscale pre-war buildings. The exemption from the NYC pied-a-terre tax makes it an attractive option for a primary or secondary home.
Full-service amenities include on-site management, 24-hour doorman, laundry, bike room, private garden that spans the complex. Additional storage cages are available for purchase.
The neighborhood is steps from the East Midtown Greenway Park, a 1.8-acre public promenade - recreation space for pedestrians/pets and bicyclists. Premium grocery options include Trader Joe's (1st & 59th), Whole Foods 57th, and multiple restaurants options.
Transportation: MTA Subway 51st and Lex (4&6 trains) and 53 & Lex (E&M trains). NYC Ferry 34th & 1st (Brooklyn & Wall Street).
Purchase price $438,000 and maintenance is $1525.83 ($1363.98 plus capital assessment $161.85) which includes taxes, heat and electric. Flip tax will be paid by the Seller. Board application only.