310 West 122nd Street, 1-W

IN CONTRACT - This immaculate well maintained (2 buildings) HDFC Coop is located off Frederick Douglass Blvd known as South Central Harlem's restaurant row. The spacious (never lived in) studio has an open plan floor-through layout offering flexibility. Situated on the 1st floor, the unit features N/S/W exposures with 6 double-pane noise abatement windows in all rooms allowing for plenty of light and air, hardwood oak floors & baseboard heating with self-controlled thermostats in each room & window AC. The large windowed kitchen has a deep coat/storage closet & is adjacent to an alcove that could be used as an office or dining area. Dishwasher allowed (conditionally.) The bathroom is large and beautifully renovated. The building has no underlying mortgage, very strong financials, very well managed with an active co-op board & a great managing agent. Building features: include a video intercom system, security surveillance, NO elevator, pre-wired for TV Cable & telephone outlets, community courtyard. The basement features: private storage cages, bike storage & 4 new laundry machines. This unit is sponsor owned (by Coop) which requires board approval. This is an HDFC co-op so prospective buyers must provide 2016 & 2017 tax returns & W2's/1099's, each showing AGI (line 37) that does not exceed 120% of the Area Median Income (AMI). The 2017 income limits are: 1 occupant: $87,720 & 2 occupants $100,200. The entire building was newly renovated in 2011. Flip-tax: 30% of profit paid by seller on resale. Subletting is allowed 18 months out of every 5 years subject to Board approval. Convenient to Columbia University, Whole Foods, the A,B,C,D & 2,3 subway lines, major bus routes & 3 parks. Financing available. (Virtually staged)
Additional features of this property include: Individual Thermostat heating system in each room.