$475,000
Updated 4 years ago
Off Market

Madison Court

1787 Madison Ave, 514

East Harlem, Manhattan | East 117th Street & East 118th Street

4 Rooms1 Bed1 BathCo-op

$475,000
Maintenance$814

Listing Features

  • Dining Alcove
  • Entry Foyer
  • Dishwasher
  • Microwave
  • Open Kitchen
  • Pass Thru Kitchen
  • S Steel Appliances

Outdoor space and views

  • East Exposure
  • South Exposure

Building Amenities

  • Concierge
  • Bike Storage
  • Courtyard
  • Elevator
  • Fitness Facility
  • Grilling Stations
  • Laundry Room
  • Resident Lounge
  • Storage

Policies

  • Pets Allowed

Property Description for 1787 Madison Ave, 514

TOTM Take advantage of FINANCING option with First Republic’s “Eagle Community Loan Program” @ 3.28% + up to $7,000 in closing credits. This sun filled one bedroom is situated at the end of the hallway facing the rear of the building over the courtyard which allows for a quiet, peaceful and serene place to call home. The open kitchen with breakfast bar has a dishwasher, a built-in microwave and ample storage and includes a sizable dining area and foyer creating a great place to entertain. With hardwood floors, freshly painted, large south facing windows, and a thoughtfully designed layout, this apartment is a must-see. The bedroom is also very spacious and bright and features a large closet; the bathroom is in excellent condition as is the rest of the apartment. The building features an elegant lobby with 24-hour Attendant, live-in Superintendent, a newly renovated fitness room with 2 Peloton bikes and landscaped courtyard with a Chef's BBQ Grill and the newly landscaped courtyard can also be rented for private events. There is a shared categorized book library, children’s play area, local volunteering and donation activities organized through the building’s members and committees. A large new laundry room with oversized machines and a storage and bike room available for an additional fee. Internet Providers: Verizon FIOS, Spectrum or Starry. City Bikes available on the corner of Madison Ave/118th St, a short distance to Marcus Garvey Park, Central Park, retail stores and restaurants along the corridor of Malcolm X/Lenox Ave, Whole Foods on 125th, Costco on 116th and the 2, 3,6 subways on 116th. There is a Flip tax of 1% of the gross sales if you sell after 3 years or a 3 percent flip tax if you sell before 3 years paid by the seller. Must be a primary residence no pied-a-terre allowed, and Subletting allowed 2 out of 4 years. Pet friendly. 90% financing permitted. Maintenance is 32% tax-deductible and 421A abatement in effect until 2028. NO income limits. Contact the exclusive broker for a personal tour. (Note: This property is NOT a Restricted Sale property (NO income restrictions).

Listing History for 1787 Madison Ave, 514

Now
06/27/2022
TOM by Karen Shenker
Compass
05/23/2022
$475,000 [-$20,000] [4%]
Price Drop by Karen Shenker
Compass

Building Details for 1787 Madison Ave

OwnershipCo-op
Building TypeLow-Rise
Service LevelConcierge
AgePost-War
AccessElevator
Year Built2002
Financing Allowed90%
Floors/Apts9/84
Learn More About the Building

Transit and Citi Bike

Subway

116 St
0.2 miles
116 St
0.3 miles
110 St
0.4 miles
125 St
0.41 miles
110 St-Malcolm X Plaza
0.42 miles

Railroad

Harlem-125 StMetro-North Railroad
0.4 miles

Citi Bike

E 118 St & Madison Ave
0.05 miles
E 118 St & Park Ave
0.08 miles

Contact Agent

Contact Agent

Licensed As
Karen D. Shenker
Associate Broker
License#:
10301203861
Company:
Compass

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

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: 907735