New York (South Harlem), NY, 10035 | $360,000

This home qualifies for 5. 5% interest rate with Valley Bank for 1st time home buyers.

Big & Bright! Spectacular one-bedroom / one bathroom co-op with high ceilings, a chef's kitchen, and a gracious layout. Located in one of Harlem's most desirable full-service co-op buildings.

Facing South, unit 614 is awash in natural light with sky views and located in one of the best lines in the building. (It's larger than most one-beds in the building!) The volume of space is accentuated by the high (8 ' - 9') ceilings which enhance the open kitchen, living and dining layout. The spacious dining area can also accommodate supplemental desk/cabinets for work-from-home, additional storage/hanging or even a creative corner.

Lovingly renovated, the custom kitchen is a true delight - a magnificent kitchen for those who love to cook! Outfitted with top-of-the-line appliances, including a Viking gas range, microwave, Miele dishwasher, and Liebherr refrigerator; wrap around granite countertops for added counterspace and storage; warm wood cabinetry and Italian glass-tile backsplash. Everything one needs to serve a delicious meal!

The bedroom comfortably accommodates a king-sized bed and additional dressers, if needed. However, custom California Closets are perfectly tailored for long and short hanging items, drawers for smaller items, and easy-access storage above.

The well-appointed bathroom features a rain shower head, soaking tub, corner baskets for soaps & shampoos, a movable glass panel, hotel towel rack, mirrored medicine cabinet and more.

Additional Highlights: custom wood shutters (in both the living and bedroom) can moderate light from room darkening to open and airy; hardwood flooring throughout; powerful (yet quiet) through-wall air conditioning and remote-controlled ceiling fans in both the living and bedroom; Fios, Spectrum, and Starry are all available.

One of Harlem's finest buildings, 1787 Madison Ave. boasts a 24-hour doorman, live-in super, sparkling laundry, bike room, storage, fitness center with Peloton bikes and an enormous, landscaped courtyard with outdoor gas barbecues. (Note: Storage units and bike racks are rented on a first-come, first-serve basis) The newly renovated courtyard can be rented for private events. Community is important at 1787 Madison, with a shared book library, community garden, children's play area, and local volunteering and donation activities organized through the building's members and committees. Tax-abatement through 2029.

Ideally situated in one of Manhattan's most vibrant and well-serviced neighborhoods. Just five blocks from Central Park with the exciting Harlem Meer renovation project coming soon! Marcus Garvey Park is also just moments away; perfect for summer concerts at the amphitheater and a relaxing respite. Whole Foods, Food Bazaar , and Trader Joe's nearby!

Enjoy easy access to major subway lines (2, 3, 4, 5, and 6), making commuting anywhere in the city a breeze, and the Metro North for getting out of town! Pet friendly. 90% financing permitted with approved lenders offering special programs / rates for first time home buyers. Flexible sublet policy allows subletting (2 out of 4 years) after one-year of ownership.

Features

  • Town: New York
  • Cooling: Other
  • Levels: 8
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Building Other,Washer Hookup
  • Year Built: 2003
  • Common Charge: $1,272 Monthly
  • Pet Policy: Building Yes,No
  • MLS#: 974603
  • Days on Market: 71 days
  • Website: https://www.raveis.com
    /prop/974603/1787madisonavenue_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of POLJAN PROPERTIES INC   Phone: (718) 484-4776

William Raveis Family of Services

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Contact@raveis.com

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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New York (South Harlem), NY, 10035

$360,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $288,000 $288,000 $288,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,725 $1,797 $2,372
Total Monthly Payment $1,800 $1,872 $2,447

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.