1 GRACIE Square 7W

Property Description

Welcome to Residence 7W at 1 Gracie Square-a sprawling home and a blank canvas for the renovation of your dreams. Lovingly maintained by the same family for decades, this expansive space is now ready for its next chapter. Nestled within 1 Gracie Square, a charming prewar co-op with a full-time doorman and live-in superintendent, the co-op building offers an intimate atmosphere with just 22 residences.

Upon reaching the 7th floor, with only one other unit on your floor, you are welcomed into 7W, an incredible classic 7 layout, featuring charming original details such as crown moldings, a working fireplace, and an elegant flow that evokes the feel of a house, within the convenience of a full-service building. The spacious living room offers picturesque park and water views, while the grand formal dining room, with its own window, seamlessly connects to the kitchen. The south-facing kitchen, bathed in natural light, presents the perfect backdrop for a custom renovation. Adjacent to the kitchen is a small hallway leading to a windowed room, originally staff quarters, or ideal for a home office-offering privacy for Zoom calls and complete with a full bathroom.

In the west wing, you'll find three oversized bedrooms, two full bathrooms, and multiple walk-in closets. The primary suite boasts corner exposures with framed views of the park, and an en-suite windowed bathroom. The two additional west-facing bedrooms are situated on either side of a windowed full-bathroom. This home also includes an in-unit washer and dryer, and allows pets with board approval.

While this residence is primed for renovation, it presents an incredible opportunity to create a customized home in a coveted Upper East Side building. The co-op permits up to 50% financing, has a 3% flip tax, and this home also includes storage.

A serene enclave, 1 Gracie Square is set along a quiet street with direct access to the East River Promenade and Carl Schurz Park as your front yard. Enjoy scenic waterfront walks, jogging paths, and charming benches overlooking the river. With the best of the Upper East Side at your doorstep, the 86th Street/Second Avenue Q train provides quick access to the rest of the city.

1 Gracie Sq requires a minimum of 50% down.