1787 Madison Avenue, #501, New York (East Harlem), NY, 10035 | $635,000

This is a "MARKET RATE" Coop (NO income cap restrictions)

Sleek & stylish 2-bedroom, 2-bathroom co-op perfectly located in the heart of Harlem. Western facing and located on the 5th floor, unit 501 has phenomenal city views and lovely sunsets. Renovated just a few years ago, this home is thoughtfully designed with an open-kitchen and split bedroom layout.

The kitchen comes with a big breakfast counter that comfortably seats four; tailor-made, soft-close cabinetry; pull-out pantry, and under-cabinet lighting. Also with full-sized, stainless-steel appliances including integrated dishwasher and vented hood above the gas range! The quartz countertops are easy to maintain and provide plenty of space for food preparation, casual dining and entertaining.

The primary bedroom, comfortably fits a king-sized bed and a full-height, armoire/storage system, to compliment the already gracious walk-in closet. Crisp and sleek, en-suite bathroom with a full-sized tub, recessed medicine cabinet and floating vanity.

The secondary bedroom makes for an excellent second bedroom or home-office. Again, with beautiful city views, including Riverside Church. The second bathroom was upgraded for added convenience, from a tub to a stall shower, using warm tones and modern finishes. Through-wall air-conditioning throughout. Fios, Spectrum and Starry all available.

One of Harlem's finest buildings, 1787 Madison Ave. boasts a 24-hour doorman, live-in super, sparkling laundry, bike room, storage, fitness center with Peloton bikes and an enormous, landscaped courtyard with outdoor gas barbecues. The newly renovated courtyard can be rented for private events. Community is important at 1787 Madison, with a shared book library, community garden, children's play area, and local volunteering and donation activities organized through the building's members and committees. Tax-abatement through 2029.

Located just five blocks from Central Park and surrounded by Harlem's best cafes and shops. Marcus Garvey Park is also just moments away; perfect for summer concerts at the amphitheater and / or a relaxing respite. Whole Foods nearby and Trader Joes coming soon!

Super close to major subway lines (2, 3, 4, 5, and 6) to get downtown and the Metro North for getting out of town! Pet friendly. 90% financing permitted with approved lenders offering special programs / rates for first time home buyers. Note: Tenant occupied, but will be delivered vacant. Flexible sublet policy allows subletting (2 out of 4 years) after one-year of ownership.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 9
  • Amenities: Bike Room; Courtyard; Fitness Room; Laundry Room; Lounge; Private Storage;
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Complex: Madison Court
  • Year Built: 2002
  • Pet Policy: No Pets
  • Building Access : Elevator
  • Service Level: Concierge
  • Doorman: FullTime
  • LobbyAttendant: FullTime
  • OLR#: RPLU771022928982
  • Days on Market: 179 days
  • Website: https://www.raveis.com
    /prop/RPLU771022928982/1787madisonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Poljan Properties

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1787 Madison Avenue, #501, New York (East Harlem), NY, 10035

$635,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $508,000 $508,000 $508,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.125% 4990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.439% 6.273% 5.268%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,169 $3,087 $2,112,433
Total Monthly Payment $3,261 $3,179 $2,112,525

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.