Unleash the Full Potential of a Penthouse Gem at 1 Gracie Terrace Nestled at the prestigious intersection of East End Avenue and East River Drive, 1 Gracie Terrace presents an extraordinary opportunity to create a showstopping penthouse in one of Manhattans most sophisticated and exclusive enclaves. Located on a serene cul-de-sac in the Upper East Side, this residence offers boundless potential for a discerning buyer with vision and a keen eye for design. Perched atop a distinguished co-op, this expansive 3100+ sqft home (2141 sqft interior + 962 sqft exterior) boasts an incredible wraparound terrace, offering breathtaking panoramic views of the East River and city skyline. Imagine transforming this outdoor sanctuary into an entertainers dreamcomplete with lush landscaping, elegant seating areas, and seamless indoor-outdoor living. Inside, the spacious floor plan offers three bedrooms and three bathrooms, providing ample space for luxurious living. The third bedroom is a versatile space, perfect as a home office or guest suite. Picture soaring ceilings, custom millwork, and designer finishes tailored to your unique aesthetic. The Primary Suite offers generous proportions, immense closet space, and an oversized en-suite Bathroom. The secondary Bedrooms, including a flexible home office or third bedroom, can be reconfigured to suit modern luxury living. An in-unit washer/dryer adds an extra level of convenience. The Kitchen is renovated with custom cabinetry, state-of-the-art appliances, and sleek finishes, but offers further possibilities for expansion and reinvention. This full-service, pet-friendly cooperative offers a suite of luxury amenities, including: A spacious, fully equipped gym, available free of charge to shareholders A 24-hour doorman, full-time porter and live-in resident manager A courtyard seating area for residents to unwind A bike room and on-site garage (additional charge) for convenience Laundry facilities in the basement Additional storage cages for residents Newly redecorated hallways and upgraded elevators that elevate the buildings elegance Set just moments from the charming Carl Schurz Park, the East River Promenade, and the finest dining and cultural institutions of the Upper East Side, this location offers a rare blend of tranquility and urban accessibility. The building permits pied a terres and co-purchasing. There is a 2% flip tax payable by buyer. Some photos are virtually staged.