ESTATE WRECK OPPORTUNITY 2-bedroom 2-bath co-op, 1,057 square feet, 88 ceilings, step-down living room faces south onto East 49th Street. Original hardwood oak floors, protected for decades under carpeting, recently restored and beautifully refinished.Bring your architect and contractor to gut-renovate everything else. Needs modern plumbing and electrical systems, new kitchen and two baths, baseboards, closets, light fixtures, window repair. Priced to sell as is, where is, with no warranties and representations. BEST VALUE in Midtown East of all full-service elevator buildings, available for the first time in 50 years.Laundry in basement. Pet and pied-a-terre friendly. Thru-wall AC and W/D in unit NOT permitted. Subletting limited to 2 years of any 5-year period. Max sublease is one year with Board review required for second year. Sublease fee = 10% annual maintenance, paid in a lump sum. If apartment is financed, Shareholder must provide written approval from lender. Back on the market September 4 after BOARD TURNDOWN. NO giftors, guarantors or co-purchasers.