Description

SOLD/CLOSED - This newly converted HDFC Coop is located off Frederick Douglass Blvd known as South Central Harlem's restaurant row. Very spacious, sunny and bright convertible 2 bedroom/1 bath comes with a separate living room & dining room offering a flexible layout. Situated on the 5th floor of an easy walk-up, the unit features N/S/E exposures with large windows allowing for plenty of sunlight, oak hardwood floors, double-pane noise abatement windows in all rooms and closets galore. The kitchen has an open walk-through plan, a huge pantry/storage closet & adjacent to an alcove that could be used as an office or eat-in area. The master bedroom is large enough for a queen-size bedroom set, 3 large windows & a walk-in closet. The building has no underlying mortgage, strong financials, is very well managed with an active co-op board & a great managing agent. Building features: include a video intercom system, security surveillance, NO elevator, pre-wired for TV Cable & telephone outlets & laundry in basement & PET friendly. (Storage coming soon.) This unit is sponsor owned (by Coop) which requires board approval. This is an HDFC co-op so prospective buyers must provide 2014 & 2015 tax returns, each showing AGI (line 37) that does not exceed 120% of the Area Median Income (AMI). The 2016 income limits are as follows: 1 occupant: $76,200; 2 occupants: $87,000; 3 occupants: $97,875; 4 occupants: $108,750. The entire building was newly renovated in 2011. Flip-tax: 30% of profit paid by seller on resale. Subletting is allowed 18 months out of every 5 years subject to Board approval. Convenient to Columbia University, soon to open Whole Foods development, the A,B,C,D & 2,3 subway lines, major bus routes & 3 parks. Won't last long!
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Building Features 5 Floors10 Units

intercom

$370,000 / $537 per ft²

Sold: Feb 27, 2017

23.75% above ask / 98 Days to Sell

1 Bed / 1 Bath - / 688 ft²

Total Monthly Expenses: $680

Exclusively listed with: The Corcoran Group

Karen Shenker

karen.shenker@corcoran.com

212-360-6583

Listing Courtesy of The Corcoran Group View Listing

Unit listing history

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