What's Happening?
A duplex co-op located at 14 East 75th Street in Manhattan's Lenox Hill neighborhood is on the market for $4.5 million. This property exemplifies the pre-war elegance typical of the Upper East Side, featuring
a dramatic double-height living room with floor-to-ceiling leaded-glass windows and a wood-burning fireplace. The apartment, designed by George F. Pelham in 1929, includes modern updates such as central air conditioning and recessed lighting. The main floor boasts a formal dining room with herringbone wall panels and a marble-clad bar, alongside a chic kitchen equipped with high-end appliances. Upstairs, the primary suite offers a dressing room and a marble-clad bath with separate bathtub and shower. The building provides amenities like a 24-hour doorman, a resident manager, a newly updated gym, and private storage.
Why It's Important?
This property highlights the enduring appeal of pre-war architecture in New York City's real estate market, particularly in prestigious neighborhoods like the Upper East Side. The combination of historical charm and modern amenities caters to affluent buyers seeking luxury and comfort. The listing reflects broader trends in the real estate market where historical properties are updated to meet contemporary standards, thus maintaining their desirability. This approach not only preserves architectural heritage but also enhances property values, benefiting both sellers and buyers in the high-end market segment.
What's Next?
Potential buyers interested in this property will likely undergo a rigorous board approval process, typical of co-op purchases in New York City. The market for such luxury properties remains competitive, and the unique features of this duplex may attract interest from both domestic and international buyers. The real estate agents involved, Maria Pashby, Joanna A. Pashby, and Jamie S. Joseph, are expected to facilitate viewings and negotiations, ensuring that the property finds a suitable buyer who appreciates its historical and modern attributes.
