Complete Guide to 2 East 67th Street: Fifth Avenue Residence
## Complete Guide to 2 East 67th Street: Fifth Avenue Residence ## Your Ultimate Resource for 2 Ea…
Read ArticleThe Fifth Avenue Royalty: Full-Floor Candela Masterpiece
2 East 67th Street, 5th Floor, New York, NY 10065 , Lenox Hill / Upper East Side , Manhattan , New York
$38,500,000.00
For Sale 💰
Apartment 🏢
MENA Verified
Investment Grade
Description
The Fifth Avenue Royalty: A Rosario Candela Masterpiece.
Located within one of Fifth Avenue’s most celebrated cooperatives, this grand-scale, full-floor residence at 2 East 67th Street embodies the very essence of luxury New York living. Designed by the legendary Rosario Candela in 1928, this asset is not merely an apartment; it is a piece of American history.
The Residence: Accessed via a private elevator landing, the home opens into a massive gallery leading to a grand living room with direct Central Park views. Interior design by the illustrious Denning & Fourcade.
The Details: Soaring 11-foot ceilings, 5 wood-burning fireplaces, original moldings, and a library paneled in rare wood.
The Asset Class: “The American Belgravia.” For the international investor, this property offers the prestige of London’s Eaton Square combined with the power of New York. It is a generational hold for those seeking entry into the city’s most exclusive social strata.
Note: 68-foot frontage on Fifth Avenue. Full-service building with concierge.
Property Details
Property ID
DLRE-2E67-5FL-ROYALTY
Properties
Apartment 🏢
Bedrooms
6
Bathrooms
5.5
Size (Area)
5500 sqft
Land Area
-
Year Built
1928
Floors
5 / 12
Parking
0
Furnishing
Unfurnished
View
Garden View
Ceiling Height
11.00
Features & Finishes
Investment Intelligence
Cap Rate
4.50%
Occupancy
100.00%
Investment Thesis
The Candela Premium: Acquiring American History
This offering represents the pinnacle of “Flight to Quality.” You are not just buying 5,500 square feet; you are acquiring a Rosario Candela full-floor residence in the heart of the Gold Coast.
Core Investment Drivers:
- Asset Scarcity: There are less than 15 buildings in NYC that offer this level of architectural pedigree combined with direct Central Park frontage.
- The “Club” Factor: 2 East 67th Street is a “White Glove” cooperative. Ownership grants access to the most exclusive social network in the Western Hemisphere.
- Generational Hold: Historically, Candela layouts have outperformed the S&P 500 in capital appreciation over 20-year hold periods due to their impossibility of replication.
Value Add Strategy
The “Museum Quality” Restoration
The unit features interiors by Denning & Fourcade. The value-add opportunity lies in a sensitive modernization that preserves the provenance while updating infrastructure.
Execution Roadmap:
- Phase 1 (Infrastructure): Upgrade HVAC to multi-zone central air (rare in pre-war) and modernize electrical capacity for smart-home integration.
- Phase 2 (The Gallery): Restore the original Candela gallery layout to maximize art-hanging capability (targeting collector demographic).
- Phase 3 (Primary Suite): Reconfigure the staff quarters to expand the Primary Suite, creating a “Hotel within a Home” experience.
Location & Proximity
Nearby Landmarks
Central Park, The Pierre Hotel, Fifth Avenue
Amenities & Features
Doorman
High Ceilings
Central A/C
Fireplace
Pet Friendly
Wine Cellar
Library
Elevator
Concierge
Private Landing
Rosario Candela Architecture (Gold Standard)
Direct Central Park Views (68ft Frontage)
Full Floor Privacy (Private Elevator)
5 Wood-Burning Fireplaces
11-Foot Ceilings
Denning & Fourcade Interiors
Location on Map
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Related Insights
The Architecture of 2 East 67th Street: A Guide to Rosario Candela Design
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Read ArticleThe Fifth Avenue Royalty Dossier: An Investor's Ultimate Guide to 2 East 67th Street
## The Fifth Avenue Royalty Dossier: An Investor's Ultimate Guide to 2 East 67th Street ## Executi…
Read ArticleThe Candela Blueprint: Deconstructing the Perfect 5,500 SqFt Floor Plan at 2 East 67th for Sovereign Living
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Read ArticleMitigating the $23,540 Monthly Maintenance: An Ownership Risk-Reward Analysis of 2 East 67th Street
## Mitigating the $23,540 Monthly Maintenance: An Ownership Risk-Reward Analysis of 2 East 67th St…
Read ArticleThe Denning & Fourcade Interiors: A CPA's Valuation of Museum-Quality Provenance at 2 East 67th
## The Denning & Fourcade Interiors: A CPA's Valuation of Museum-Quality Provenance at 2 East 67th…
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Financial Details
HOA Fees
23,540.00
Ownership
Cooperative (Shareholder)
Legal Status
Proprietary Lease
Mortgage Calculator
Monthly Payment
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