In Contract
Madison Park, 1831 Madison Avenue, #6A
$645,000
($750 per ft2)
| 2 beds, 2 baths | Approx. 860 ft2
244 days on Market
Key Details
-
Listed: Apr 22, 2024Last Price Change: ($12,000) on Oct 4Days on Market: 244Building Type: CooperativeNeighborhood: East Harlem (Manhattan)Doorman: FT DoormanListing viewed 439 times
Monthly Maintenance:
$992
($1.15/ft2)
Est. Monthly Mortgage:
$3,426
Mortgage calculator
Total Est. Monthly Carrying Cost:
$4,418
($5.14/ft2)
Note: the above is based on a down payment of 20% ($129,000),
which is the minimum amount permitted by the building.
Description
This serene split two-bedroom, two-bathroom layout captures the gentle morning eastern light, offering tranquility.
Step into an updated kitchen featuring light grey tones, marble flooring, Corian countertops, and state-of-the-art stainless-steel appliances, including a dishwasher. The dining experience is elevated with a charming banquette area adjacent to the kitchen, creating a perfect space for entertaining culinary delights.
The spacious primary bedroom has an en-suite bath and a generous walk-in closet. The second bedroom effortlessly accommodates a queen-size bed.
Pet-friendly and designed for contemporary living, this residence adheres to an HDFC income cap of $333,500, with the seller covering the flip tax.
A nominal current capital assessment of $83.31 ensures your investment in this refined space.
Madison Park, your full-service building, offers a suite of amenities, including a gym, residents lounge, courtyard, laundry room, live-in super, and a dedicated concierge. storage units are available upon request with additional fees, along with convenient bike racks on a first-come, first-serve basis.
The lower seven floors of the building are governed by an HDC Regulatory Agreement, while the upper two floors are not subject to regulation. The income cap set by HDC stands at $333,500 per household gross.
It’s important to note that this building is not HDFC-designated. The seller bears the 2% flip tax. Additionally, there is a 421a tax abatement in place which begins to phase out this year, gradually reaching 100% property tax rate over the next five years. Consequently, there’s a 10% assessment on maintenance in effect until 2029.
Furthermore, 42% of the maintenance is tax deductible.
Embrace the vibrant neighborhood, situated across from Marcus Garvey Park, boasting an outdoor pool, Richard Rodgers Amphitheater, public art installations, playgrounds, fitness areas, and a dog run. Commuters await easy access to the 2/3 or 4/5/6 trains at 116th or 125th Streets and multiple bus lines, including the M60 to LaGuardia.
Step into an updated kitchen featuring light grey tones, marble flooring, Corian countertops, and state-of-the-art stainless-steel appliances, including a dishwasher. The dining experience is elevated with a charming banquette area adjacent to the kitchen, creating a perfect space for entertaining culinary delights.
The spacious primary bedroom has an en-suite bath and a generous walk-in closet. The second bedroom effortlessly accommodates a queen-size bed.
Pet-friendly and designed for contemporary living, this residence adheres to an HDFC income cap of $333,500, with the seller covering the flip tax.
A nominal current capital assessment of $83.31 ensures your investment in this refined space.
Madison Park, your full-service building, offers a suite of amenities, including a gym, residents lounge, courtyard, laundry room, live-in super, and a dedicated concierge. storage units are available upon request with additional fees, along with convenient bike racks on a first-come, first-serve basis.
The lower seven floors of the building are governed by an HDC Regulatory Agreement, while the upper two floors are not subject to regulation. The income cap set by HDC stands at $333,500 per household gross.
It’s important to note that this building is not HDFC-designated. The seller bears the 2% flip tax. Additionally, there is a 421a tax abatement in place which begins to phase out this year, gradually reaching 100% property tax rate over the next five years. Consequently, there’s a 10% assessment on maintenance in effect until 2029.
Furthermore, 42% of the maintenance is tax deductible.
Embrace the vibrant neighborhood, situated across from Marcus Garvey Park, boasting an outdoor pool, Richard Rodgers Amphitheater, public art installations, playgrounds, fitness areas, and a dog run. Commuters await easy access to the 2/3 or 4/5/6 trains at 116th or 125th Streets and multiple bus lines, including the M60 to LaGuardia.
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Listing courtesy of
Brown Harris Stevens Residential Sales LLC
Pricing History
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