Updated 4 years ago
Off Market
1 West 126th Street, 6-D
Harlem, Manhattan | Fifth Ave & Lenox Ave
4 Rooms2 Beds1 BathCo-op
$415,000
Maintenance$471
Listing Features
- Corner Apartment
- Dining Bay
- Dining Foyer
- Entry Foyer
- Original Details
- Penthouse/Top Flr
- Galley
- Windowed Kitchen
Outdoor space and views
- South Exposure
Building Amenities
- Voice Intercom
- Elevator
- Laundry Room
Policies
- No Dogs. Cats Allowed.
Property Description for 1 West 126th Street, 6-D
Top Floor, Sunny & South Facing 2 Bedroom, 1 Bath Art Deco Home awaits your Designer Touch! Best of all, the monthly maintenance is super low at just $471.16 making this co-op home super affordable. (Note: The monthly maintenance includes heat, hot water and property taxes.)
Prime Harlem Location on the corner of Fifth Avenue, 1 block from 125th Street and steps away from one of Harlem's best dining and shopping corridors, which includes Whole Foods Market, World Famous Sylvia's Soul Food along with Red Rooster and Corner Social restaurants.
1 West 126th Street HDFC is a landmark, pre-war building with a rich history—the former home of legends such as: Eartha Kitt, Billy Eckstine and Della Reese. The HDFC has an elevator, live-in super and laundry room on-site.
The income restrictions for the HDFC are determined by 165% of the area median income for 2021 and are as follows:
1 Person: $137,940 Max
2 Persons: $157,575 Max
3 Persons: $177,210 Max
4 Persons: $196,845 Max
5 Persons: $212,685 Max
Cats are allowed. Sorry, no dogs.
It is possible to obtain 90% mortgage financing in the building. The building's financials are excellent!
NOTE: 1 West 126th Street HDFC is an affordable housing cooperative and is intended to be a primary residence for all of its owners. The building is NOT INVESTOR FRIENDLY.
With this in mind, there is a STRICTLY ENFORCED FLIP TAX:
95% Flip Tax after 1st Year of Ownership
90% Flip Tax after 2nd Year of Ownership
85% Flip Tax after 3rd Year of Ownership
80% Flip Tax after 4th Year of Ownership
75% Flip Tax after 5th Year of Ownership
50% Flip Tax after 6th Year of Ownership
40% Flip Tax after 7th Year of Ownership
20% Flip Tax after 8th Year of Ownership
Sublets are allowed with board approval
Building Details for 1 West 126th Street
OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1940
Floors/Apts6/48
Transit and Citi Bike
Subway
125 St
0.18 miles
125 St
0.32 miles
135 St
0.48 miles
Railroad
Harlem-125 StMetro-North Railroad
0.21 miles
Citi Bike
5 Ave & W 126 St
0.01 miles
E 128 St & Madison Ave
0.15 miles
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: 1975120
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