Charming Pre-War Coop in Vibrant South Harlem! Welcome to 1777 Madison Avenue, Unit 24, a delightful pre-war walk-up nestled in the heart of South Harlem. This efficient 2-room coop is renovated and offers charm with its high ceilings, hardwood floors, and a well-thought layout that feels both spacious and inviting. As you step into this 400 sq. ft. home on the second floor, you are immediately greeted by an abundance of natural light flowing through its western exposure, highlighting the 9-foot ceilings that add a sense of grandeur to this charming abode. The city views offer an urban backdrop that makes you feel connected to the creative pulse of South Harlem. The separate kitchen boasts a large window and plenty of thoughtful storage setting the stage for your culinary adventures. Recently renovated, the bathroom offers a modern yet warm touch with contemporary fixtures and finishes, ensuring your relaxation and comfort.
Cats are warmly welcomed in your new home, but dogs and exotic pets (such as reptiles and rodents) are not permitted. While there is no washer/dryer in-unit, laundry is in the same block, ensuring convenience and ease. Location is everything, and this coop places you right in the middle of the energetic and culturally rich South Harlem on the border of East Harlem for the best of both worlds. You're near the lush Marcus Garvey Park, perfect for morning jogs, evening strolls, or picnics with friends. Commuting is a breeze with various subway lines and bus routes nearby. The iconic Apollo Theater, vibrant dining spots, and eclectic boutiques are all within close reach for those who enjoy arts and culture.
This is an HDFC Co-op building that has income restriction which is 165% of the Area Median Income: 1 person max income is $179, 355; 2 persons max income is $205, 095. The home must be purchased as a primary residence and sublets will not be considered before 5 years of occupancy. The building is self-managed so it has low fees and great reserves. No assessments currently or planned.
Don't miss the opportunity to call this Southeast Harlem gem your own! Contact us today to schedule a private showing and experience the charm and allure of 1777 Madison Avenue, Unit 24 for yourself. Your new home awaits!
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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 | $148,000 | $148,000 | $148,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,010 | $984 | $1,248 |
Total Monthly Payment | $1,085 | $1,059 | $1,323 |
* 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.