175 E 62nd Street PHA

This renovated and romantic, mint condition corner classic six duplex penthouse with two terraces is ideally positioned on the 'Gold Coast' of Manhattan's Upper East Side. A couple blocks from Central Park on a tree-lined street with a dedicated bike lane, the brownstone-studded East 62nd Street feels familiar in PHA which exudes the lifestyle of a townhome, set in the luxury and convenience of a white-glove building with a parking garage.

PHA is flooded with sun, which rises in the bedrooms, sets in the entertaining spaces, and illuminates the terraces on each floor. This custom-designed high-floor home features south-east-west exposures of breathtaking and panoramic open views from every room including The Plaza Hotel, Central Park, the Barbizon Building, and the San Remo off in the distance. The sought-after vistas are a quintessential New York City experience featuring city skyline and park throughout the seasons.

This extremely quiet 3-bedroom, 2.5-bathroom boasts approximately 1,500 square feet of interior space, a locally handcrafted smokeless fireplace, ebony-stained parquet floors, crown molding and custom millwork - balancing grand scale with elegance, and modernized with the finest Italian marble, European appliances and materials throughout. As an added plus, there is an option to add a washer/dryer into the wine fridge closet in the foyer.

The Victorian is impeccably well-run and financially strong co-op with a 24-hour doorman, private garage and a laundry room. Pied-a-terres, foreign buyers and co-purchasing allowed. Pets under 60 lbs allowed. Washer/Dryers permitted in apts. Maintenance includes electric and cable. There is a 3% flip tax.

The building is on leased land; the lease was renegotiated in 2010 and extended through 2099. For the 10-year period from 2021 through 2030, the annual lease increase will be based on the CPI, or approximately 1.5%, with a cap of 2%.