This bright, quiet, over-sized sleeping alcove studio (nearly 600 sq ft) has an excellent layout with open, east views. The apt is in estate condition. However, the owner has decided to do a total renovation for the same asking price - $399,000. He will install a new bamboo strip floor, brand new kitchen and floor, new marble bathroom and deliver the apartment in mint condition. The building, the upscale Peter James, has a 24 hour doorman, very friendly service, live-in super, lovely roof deck with stunning views, recently renovated hallways, laundry on every floor, bike storage and a garage. The building is pet friendly. Located in the midst of everything in the Gramercy area, you're minutes from the #6 train, fabulous restaurants abound, and the lovely and popular Madison Square Park is a short distance away.