455 East 86th Street, 21E
If you are looking for a 3 bedroom condo on the Upper East Side for less than $2M - the entire Upper East Side - today, April 3rd, 2014, you have four apartments to choose from. That's right, just 4. And there is a good chance some of those are really gone.
Streeteasy's latest market report says inventory is at a 7 year low. Well, the good news is that if you are willing to do some work, you can still find some opportunities to get value in a crazy market by reconfiguring a layout to make it work for you.
Here we took a 2BR condo (with private outdoor space and a pool in the building) and turned it into a easy flowing 3 bedroom. The easy part was dividing the nearly 19 foot master bedroom in two. However, the challenge was figuring out how to access each half of the room, since there was a large, en suite bathroom blocking the way. However, with some creative maneuvering, we cut the master bath in half to create a new hallway and provide access to the new rooms. And we now have the condo of your dreams - replete with big views and every amenity - for the price of a 2BR home.
Original listing/floorplan:
http://streeteasy.com/building/the-channel-club/21e
http://homebildr.com/home/533ccf499a642974d0421bdb/455-east-86th-street%2C-21e
http://homebildr.com/home/533dcf569a642974d0421c06/455-east-86th-street%2C-e-line#