Description

Offer Accepted- Showing for back up only. You can own this apartment for less than the cost of renting! 20% Down 65%Tax Deductible. Owners want to close ASAP. Fully renovated open concept space originally a one bedroom apartment converted to a designer loft. Empire State Building Views from unit, located on the top floor . Generous living area with 105 ceilings throughout, built ins with a decorative fireplace, hardwood floors and sunny exposures. Over 20 linear feet of closets that are 10 high and outfitted with Elfa closet systems. Just renovated spa like bathroom with white marble floors, subway tiles, glass shower enclosure and all new fixtures, a renovated kitchen with a slate floor, extensive storage in the wood and glass cabinets and stainless steel appliances. Important Note-On Floors 11 & 12 The J apartments are similar to the K line on floors 2-10 With the firm asking of $499,000 the estimated monthly costs based on the 38.5% tax bracket and 65% TD the cost would be: If a cash purchase Net Monthly Cost of Ownership: $1,676 - $419 = $1,257. If financing with 30% down at 4% rate- Net Monthly Cost of Ownership: $3,344 -$867 = $2,477. Building Amenities: Live-in Super, 24-Hour Doorman, laundry located on every floor, pet friendly and common roof deck. Co-Purchasing is allowed and pied-a-terres are welcome. Sublet Policy: Must live in Building 2 years then can sublet for 3 years. Cycle repeats itself. 65% TAX DED This Madison Avenue Coop, located just blocks from Madison Square Park, amazing restaurants and access to all major transportation from subways, to Penn Station and Grand Central Station. The building was a former factory that was converted to a coop in the early 1980s. For more information on the building please visit- www.159mad.com. Apartment Features : City Full, Decorative, Skyline Full, West, City Partial, Skyline Partial, Prewar Detail, Hardwood Floors, Excellent Light, Good Light, Oversized Windows, New Windows, Modern Kitchen, Renova
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Building Features 12 Floors118 Units

elevator
full time doorman
bike room
laundry
pet friendly
roofdeck
storage
View all 7 building features

Unit Features

fireplace

$495,700 / $708 per ft²

Sold: May 23, 2023

1 Bed / 1 Bath - / 700 ft²

Total Monthly Expenses: -

Exclusively listed with: Douglas Elliman Real Estate

Brian James

bjames@elliman.com

212-891-7275

Listing Courtesy of Douglas Elliman Real Estate View Listing

Unit listing history

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