330 West 145th Street, 604

New to the market. This 1 bedroom is on the sixth floor in The Hamilton, a Harlem cond-op (see below for cond-op definition). There is currently a monthly assessment for capital improvements of $104.17 until March, 2015.

IMPORTANT: Please note that, to purchase in The Hamilton, your total household income cannot exceed $204,500. 90% financing. This apartment has to be your primary residence. Subletting is permitted 2 out of 4 years after 2 years of ownership.

The apartment faces west, overlooking Edgecombe Ave. The pass through kitchen has a dishwasher, microwave and ample counter space and cabinets.

The Hamilton, occupied since 2003, is conveniently located on the edge of Hamilton Heights and Sugar Hill, just one block from the 145th Street express subway station (A, B, C, D) - only two express stops to Columbus Circle. The 3 express train is also just three blocks away at 145th Street and Lenox Avenue. The Bx19 Bus runs crosstown on 145th Street. For drivers, there is a rental garage in the building and close proximity to the 145th Street Bridge, Harlem River Drive, George Washington Bridge and Triborough Bridge.

Duane Reade and a branch of Chase Bank are in the building and a 24 hour Pathmark supermarket is next door. Starbucks, New York Sports Club, Bank Of America, a farmers' market and Jackie Robinson Park with its swimming pool are right across the street. City College, Riverbank State Park and various other Harlem attractions are within walking distance. Target, BJ's, Home Depot and Marshall's are also in the vicinity.

This represents both a great place to live and a terrific investment opportunity. The Hamilton features a full-time doorman, common laundry facility and terrace, complimentary fitness room and it is pet friendly.

What is a cond-op? By definition, a cond-op is a residential Cooperative where the ground floor (typically commercial units) is converted into a separate "condominium" which is either owned by an outside investor or the original sponsor of the building. Thus, although the residential units are a coop, the commercial units are owned as a condominium by an entity other than the coop. Thus, the coop does not receive the benefit of the income from these units. Many times, people will refer to Cooperatives that operate under Condominium rules as "Cond-ops". This is not accurate although you will hear this quite often. A Cooperative that operates under condominium rules is just that but may be inaccurately referred to as a "Cond-op".