New York (Midtown East), NY, 10022 | $999,000

Oversized 1BR + 2 Bath + Home Offices | Convertible 2BR Opportunity Asking: $999, 000 Approx. 1, 200 sq ft | North & West Exposures This is a rare opportunity to purchase a spacious, quiet, corner combination unit in the heart of Midtown East—priced below $1M and offering tremendous upside potential. With over 1, 200 square feet of living space, two full bathrooms, dual home office areas, and multiple storage spaces, including a massive walk-in closet, this home lives like a 2-bedroom and can be converted to one in the future with ease. The expansive layout features a gracious open-concept living and dining area with north-facing light, custom built-ins, and honey oak engineered wood flooring. The windowed kitchen—a rarity in Manhattan co-ops—faces west and includes Bosch and GE appliances, a water-and-ice dispensing refrigerator, and generous cabinetry. The west-facing bedroom suite is generously sized and located behind elegant frosted-glass French doors and includes a seating/office area, an en-suite bath, and a walk-in closet that rivals the storage of a suburban home. Both bathrooms have been fully renovated with porcelain finishes and stylish fixtures. Freshly painted in 2023 and shown fully staged, the apartment feels bright, open, modern and immediately livable—yet offers incredible flexibility for a future reconfiguration. A proposed 2BR layout is available for review. Estimated renovation cost: ~$75, 000. Why This is a Smart Buy: - Comparable 2BR/2BA units in the building currently sell at $1, 195, 000 - This home offers the same footprint, with the chance to customize on your timeline - Priced to sell—and priced to grow in value after a 2BR conversion The Brevard – Full-Service Co-op with Strong Financials: - 24-hour doorman and concierge - Renovated rooftop deck with skyline views - Resident laundry on 2nd floor - On-site parking garage with discounted resident rates - Pet friendly (2 pets max under 15 lbs each) - Pied-à-terre and sublets permitted (with fee) - Excellent transportation access: E, M, 4, 5, and 6 subway lines within a 2-block radius Don’t miss the chance to own a high-floor, corner unit in a prime location with room to grow, priced well below market comps. Due to the uniqueness of this opportunity, prices are non-negotiable and final. Whether you're upsizing, downshifting, or investing, this apartment delivers unmatched space and flexibility for under $1M. *All dimensions and square footage in floorplans are approximate.

Features

  • Town: New York
  • Cooling: Central Air
  • Levels: 30
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 100.000000x200.830000
  • Laundry: Common On Floor,Common Area
  • Year Built: 1977
  • Common Charge: $2,337 Monthly
  • Approx Sq. Feet: 1,200
  • Est. Taxes: $0
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • MLS#: RLS20010820
  • Days on Market: 145 days
  • Website: https://www.raveis.com
    /prop/RLS20010820/245e54thstreet_newyork_ny?source=qrflyer
Copyright © 2025  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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New York (Midtown East), NY, 10022

$999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $799,200 $799,200 $799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.613% 6.183%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,538 $5,051 $6,744
Total Monthly Payment $4,630 $5,143 $6,836

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.