$330,000
Updated 15 years ago
Sold

Beacon Towers

29 West 138th Street, 5-B

Harlem, Manhattan | Fifth Ave & Lenox Ave

4 Rooms2 Beds1 Bath843 Square FeetCo-op

$330,000
Maintenance$712
Price Per SF
$391

This property was sold for $334,620 on 05/27/10.

Listing Features

  • Duplex
  • W/D Hookups
  • Oversized Windows
  • Dishwasher
  • Microwave
  • S Steel Appliances

Outdoor space and views

  • Terrace

Building Amenities

  • Concierge
  • Bike Storage
  • Courtyard
  • Elevator
  • Fitness Facility
  • Garage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 29 West 138th Street, 5-B

Beacon Towers represents a rare opportunity for homeowners. Without sacrificing style or service, its brand new one bedroom and two bedroom Harlem residences are available at an exceptional value. WHY BUY NOW AT BEACON TOWERS? Beacon Tower's prices are unmatched. Our homes are priced from $350 per square foot. Our competition is priced anywhere from $448 to $1,033 per square foot! 25 Year 421-A Tax Abatement, so lower than average monthly maintenance costs! First time homebuyers may qualify for an $8,000 tax credit!No board approval! Mortgage interest rates are currently at historical lows! The number of Manhattan building permits issued in 2009 dropped 89%. The result will be far fewer new developments. Who knows when another opportunity for affordable housing like this will come your way again? Washer/dryer in each apartment! Pet friendly! Some of the residences are duplexes, some feature private terraces or cabanas, and all have fixtures and finishes that make for an inviting, comfortable living experience: oak floors, oversized windows, Energy Star appliances (including dishwasher and microwave) and many other "Green" energy efficient elements. Beyond the residences, life at Beacon Towers couldn't be easier with doorman, fitness center, a landscaped and furnished courtyard, bike storage and on-site garage. Income restrictions do apply. Please note that your total gross household income cannot exceed $192,000. 95% financing is permitted. This apartment has to be your primary residence. Subletting is permitted 2 out of 4 years after 6 months of ownership.

Listing History for 29 West 138th Street, 5-B

Now
01/06/2011
Contract Signed by Neil Tilbury
Brown Harris Stevens Residential Sales LLC
01/04/2011
Back on the Market by Neil Tilbury
Brown Harris Stevens Residential Sales LLC

Building Details for 29 West 138th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelConcierge
AgePost-War
AccessElevator
Year Built2008
Financing Allowed95%
Floors/Apts8/54
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.19 miles
145 St
0.36 miles

Citi Bike

5 Ave & W 139 St
0.09 miles
E 138 St & 5 Ave
0.09 miles

Contact Agent

Contact Agent

Neil Tilbury
Brown Harris Stevens

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 737221