Conveniently located on W. 157th Street between Broadway and Amsterdam, this fiscally sound HDFC building boasts a grand marble entryway, a common laundry room, and bicycle storage. The building's gorgeous fa ade and double door vestibule with video intercom add a layer of sophistication that sets the building apart. Bonus perk: high-speed internet and cable package are available for only $75 monthly! This residence is less than a bock away from the 1 train and within five blocks of the C; multiple bus lines are also easily accessible. Two major grocery stores are within three blocks, and the neighborhood is brimming with green parks, coffee shops, and top-tier restaurants.The property is part of an HDFC with liberal income caps: up to three dependents is $256,760 annually, while it's $299,250 for more than that. Mortgages are welcome, offering flexibility for buyers (80% max).The seller covers the flip tax, structured as 20% of net profit for ownership of 5 years or less, 12% of net profit for ownership of 5-10 years, and 8% of net profit for ownership of 10 years or more. Sublets are allowed after two years of ownership, and pets are warmly welcomed. Contact us today to schedule a private showing!
Quick Profile
Washington Heights, a hilly neighborhood on Manhattan’s northern tip known for its affordable apartments, preserved pre-war buildings, and Dominican food. Some would argue that it's a hidden gem and one of Manhattan's last neighborhoods that has retained its culture. The large swath of land is bordered by Inwood to the north along Dyckman Street, by Harlem to the South along 155th Street, by the Harlem River to the east, and the Hudson River to the West. It is the highest natural point on the Island of Manhattan.
Despite its high residential density, Washington Heights and Inwood have not seen modern housing construction in more than a decade other than relatively small housing units. Midtown Manhattan, Battery Park, TriBeCa, Chelsea, and Hell’s Kitchen, on the other hand, have seen an increase in building. Most of the high rise construction belongs to hospitals such as New York Presbyterian, Columbia University Medical Center, and educational institutions like Yeshiva University and Boricua College.
Washington Heights has access to amazing green spaces like The Cloisters, Fort Washington Park, Highbridge Park and Fort Tryon Park. There is no shortage of historical landmarks either. Remember General George Washington set up his camp in Washington Heights during the Revolutionary War. He used the elevated neighborhood to his tactical advantage to spot the Redcoats. As history would have it, his plan didn’t work out so well and the British occupied New York for seven years.