Total Est. Monthly Carrying Cost:
$10,086 ($4.72/ft2)
Note: the above is based on a down payment of 20% ($310,000),
which is the minimum amount permitted by the building.
Description
This is an HDFC apartment and has income restrictions: For a family of 2 or less income cannot exceed $455.482.80. For a family of three or more, income cannot exceed $531,396.60.
Located in the former Montana Building, this sumptuous home retains most of its period details and has been fully renovated, including original wood paneling, wooden doors and parquet floors having been meticulously restored.
Light and spacious throughout, the apartment combines 10 ft + ceilings with three exposures; East, West, and South.
The home has 4 bedrooms and 3 bathrooms; the master includes built-in closets and a full en-suite bathroom. It also boasts 3 reception rooms. The corner formal dining room is separated by sliding pocket doors from a living room with a fireplace and beautifully carved mantelpiece. At the other end of a decadently sized hallway, a generously proportioned 3rd room, currently configured as a workspace/den offers park views East onto Mount Morris Park.
The fully renovated kitchen features top-of-the-line appliances including a KitchenAid fridge, Wolf range and hood, U-Line wine cooler & Miele dishwasher. The kitchen connects to a laundry area and a further bedroom & bathroom which offer privacy for guests. Located on Harlem’s prestigious Mount Morris Park, commuting in any direction is a breeze with the 2/3 and the 4/5/6 subway lines both a few minutes away, with numerous bus routes and a Metro-North stop on 125th St and Park.
Whole Foods is one block away as well as Trader Joe’s and Target. Which will open in early 2023.
The flip tax is 25% of the profit if living in the property for less than 5 years. The flip tax will revert to 15% of the profit after the 5th year.
The sale is subject to Co-op board approval before a contract can be signed. THIS IS SHOWN BY APPT ONLY. PLEASE CONTACT THE WILSON~TEAM.
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