$640,000
$645,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
860 SqFt
SOLD DATE : 03/06/2025
Key Details
Sold Price $640,000
Property Type Condo
Sub Type coops
Listing Status Sold
Purchase Type For Sale
Square Footage 860 sqft
Price per Sqft $744
Subdivision South Harlem
MLS Listing ID RLS10980706
Sold Date 03/06/25
Bedrooms 2
Full Baths 2
HOA Fees $992/mo
HOA Y/N Yes
Year Built 2002
Property Sub-Type coops
Property 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.
Location
State NY
County New York
Building/Complex Name Madison Park
Rooms
Basement Other
Interior
Cooling Other
Fireplace No
Laundry Building Other
Exterior
Exterior Feature None
View Y/N Yes
View Other
Porch None
Private Pool No
Building
Story 9
New Construction No
Others
Ownership Stock Cooperative
Monthly Total Fees $992
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
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