Total Est. Monthly Carrying Cost:
$4,626 ($5.71/ft2)
Note: the above is based on a down payment of 20% ($134,875),
which is the minimum amount permitted by the building.
Description
Unsold shares (a two bedroom) for investors or primary residence. Half-block to Morningside Park. 5 Minute walk to 5 subway lines, Columbia campus, multiple higher education institutions, Mt Sinai/St Luke's Hospital Complex, Riverside Park. No transfer taxes, no board approval. Fully renovated.
Investor-buyers maintain all sponsor benefits. Prewar elevatored building. High ceilings, restored original inlaid floors and cabinetry, clawfoot tub, split bedroom wings, French doors, quiet South facing, perfect for professors/graduates, writers, closet bohemians, pied-a-terres, investors, parents for children, and overpaying renters. No underlying mortgage (a rarity), generating a monthly surplus (think eventual lower maintenance and upside future value) with no board approval and no extraneous closing costs.
Qualifies for 1031 Exchanges. Sublets, pets, shares, guarantors OK. Soak in the collegiate atmosphere. Eat-in windowed kitchen, steps to Columbia University complex and their facilities, St Luke's Hospital, two prestigious theological seminaries, Barnard, Fairway supermarket and excellent restaurants all at your doorstep. Terrific live-in super, new laundry facility, elevator bldg, 10 minutes to midtown, District 3 School zone.
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