Low maintenance and stellar management in Lenox Hill
In some ways, Lenox Hill’s 360 E. 72nd St. is a classic post-war Upper East Side co-op. Constructed as a white brick, 34-story rental in 1963, the building was converted to co-ops in 1971, becoming one of the first properties in the area to do so. It has a 24-hour door attendant and concierge. But 360 E. 72nd St. is also extraordinary. “I can say that in my 39 years of doing this, I have never seen a building this well-run,” says Corcoran broker Deanna Kory, who has done business in the self-managed co-op.
The 460-unit building’s exceptionalism is evident in myriad ways, from spotless hallways and common spaces observed on a recent visit, to a full-color booklet, “360 East 72nd Street Art and Design Collection,” dedicated to the curated pieces displayed in the expansive, recently renovated lobby. In the package room, a color-coded screen indicates the nature of all deliveries (brown for UPS, blue for USPS, purple for medication), and residents receive notifications regarding a parcel’s status. One of the co-op’s two outdoor spaces, a landscaped and furnished courtyard, features a gazebo and wall of cascading water. The building’s lobby features custom glass sconces, decorative screens and a large central fountain of green marble, carefully sourced to match the fixture’s original stone during a renovation. (LED lights provide illumination and can change color during the holidays.) “It’s beautiful, clean and well-kept,” says Kory. “You walk in, there’s an elegant wood-lined lobby. You’d never believe it was built in the ‘60s. Once people live there, they don’t want to leave."
The building’s alluring low maintenance fees — which include the cost of all utilities — can be attributed in part to the co-op’s three anchor tenants: a Morton Williams Supermarket, a parking garage and a Chase bank branch. Also playing a pivotal role in keeping building expenses down is Robert Weiner, a co-op board member since 1985, and twice its president, with his current term in the leadership role beginning in 2004. During that time, the board has overseen projects that include a lobby renovation, creating a children’s room, fitness center and residents’ lounge, expanding the package room and upgrading the laundry facilities. In 2006, the board elected to proactively reface the building’s white brick facade, a material known for becoming a safety hazard due to deterioration, with an attractive design in red brick. Weiner describes the new exterior as “much more elegant,” estimating that the project’s considerable cost of $8 million would now be as much as $40 million. Somewhat incredibly, all of these improvements were accomplished without a significant increase in maintenance fees.
Douglas Elliman broker Diane Kramer, who has lived in the co-op for more than 50 years and works exclusively in the building, says she has a list of people who hope to buy there. “And people wait until the right apartment comes along.”
Studios to three-bedrooms, some with private outdoor space
Homes at 360 E. 72nd St. range from studios to three-bedrooms, with several larger apartments and duplexes. Studios measuring up to 650 square feet list for as much as $805,000. One-bedroom units measuring up to 1,000 square feet ask as much as $1.1 million. Two-bedroom residences are priced up to $1.7 million and are 1,400 square feet or less, while three-bedroom apartments as big as 1,650 are listed for up to $2.4 million. Homes with four bedrooms or more range in price from $2 million to $5 million.
Select apartments include a private outdoor space, and most homes reflect renovations undertaken over the years.
Attentive staff, two outdoor spaces, a playroom and residents’ lounge
A staff of 30 helps maintain and run the building, including a live-in super. “The staff has been there for a while,” says Kory. They’re very well-trained.”
Amenities include a landscaped and furnished roof deck, a recently installed windowed fitness center and a large residents’ lounge with a catering kitchen and a premium coffee machine. The spacious children’s playroom features the custom touch of a play Morton Williams supermarket, a nod to the co-op’s tenant. Valet parking in the building’s garage is available at a discounted rate of $395 a month, and Spectrum high-speed cable and internet is offered for a monthly fee of $75.
The building is divided into three wings, with a mailroom dedicated to each one. Kramer says the layout prevents the co-op from feeling like a hotel.
More than 100 cameras monitor public spaces in the building. A secondary, residents-only entrance is located on 71st Street. The building is pet-friendly and permits pied-a-terres and parents buying for children. Washer/dryers are not allowed in units, but there is a shared laundry room.
Lenox Hill convenience near shopping and many medical facilities
Located in Lenox Hill, the co-op is convenient to Upper East Side shopping, parks and major employers. “It’s a fabulous location. Seventy-second Street is the most residential street of all the crosstown streets. It’s just beautiful,” says Kramer. The Morton Williams Supermarket in the building makes grocery shopping extremely convenient. Second Avenue is a busy commercial corridor with pharmacies, dry cleaners, cafes and restaurants serving Japanese, Afghan, French and Thai cuisines. Nearby institutions a block east along York Avenue include NewYork-Presbyterian Weill Cornell Medical Center, The Hospital for Special Surgery, Memorial Sloan Kettering Cancer Center and The Rockefeller University. St. Catherine’s Park, with a playground, athletic courts and spray showers, is four blocks south, and John Finley Walk provides a path for strolling along the East River.
A subway station a block away and easy access to the FDR Drive
Thanks to the 2017 arrival of the Second Avenue Subway, an entrance to the N, Q and R trains is one block away at 72nd Street and Second Avenue. “It’s a huge platform. I feel so safe there,” says Kramer. “In 14 minutes, I can be in the theater district.” The 4 and 6 trains at 68th Street can be reached in about 10 minutes on foot. A crosstown bus on 72nd Street offers easy connection to points west. FDR Drive is two blocks east for travel by car, and the Queensboro Bridge at 59th connects to Queens and Interstates 278 and 495. LaGuardia Airport can be reached in about 30 minutes by car.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
2/ 10
Very Bikeable
Bike Score®
85/ 100
Walker's Paradise
Walk Score®
98/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
St. Catherine's Park
4 min walk
Basketball
Picnic Area
Soccer
John Jay Park
9 min walk
Basketball
Picnic Area
Pool
Andrew Haswell Green Park
12 min walk
Bike Trails
Dog Park
Picnic Area
Honey Locust Park
13 min walk
Picnic Area
Trails
Tramway Plaza
14 min walk
Picnic Area
Capobianco Field
11 min drive
Baseball/Softball
Basketball
Tennis
Jack McManus Field
11 min drive
Soccer
Trails
Multi-Purpose Field
Manhattan Park
11 min drive
Trails
Blackwell Park
12 min drive
Basketball
Picnic Area
Playground
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.