Sponsor co-op pick of the week

A Lincoln Square two bedroom with lots of amenities and no board approval required, for $1,970,000

By Austin Havens-Bowen | October 18, 2019 - 9:00AM 

The apartment is in a renovated prewar building.

Douglas Elliman

Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."

This two-bedroom, two-bath renovated co-op, 344 West 72nd St., #809, is equipped with its own HVAC system so you'll have full control over your apartment's temperature.

It is currently on the market for $1,970,000, slightly below the neighborhood’s current median for similar-sized apartments, which is $2,295,000, according to Streeteasy. There’s a monthly maintenance fee of $2,053. 

The co-op is located in The Chatsworth building, where there’s over 17,000 square feet of amenities, including a children’s playroom, concierge, gym, and live-in super. Built in 1904, the 12-story building has 58 units.

The co-op has solid oak flooring, coffered ceilings, and custom millwork throughout.The master suite offers a large walk-in closet.

The bath features dual vanities with Kohler fixtures and Kallista finishes.

Lincoln Center is a 15-minute walk away and neighborhood is well-served by transportation, with the 1, 2, 3, B, and C trains nearby.

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