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Madison Court, 1787 Madison Avenue, #514

$400,000 | 1 bed, 1 bath
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19 days on Market

Key Details

  • Listed: Apr 23, 2024
    Days on Market: 19
    Building Type: Cooperative
    Neighborhood: East Harlem (Manhattan)
Monthly Maintenance: $846
Est. Monthly Mortgage: $2,179
Total Est. Monthly Carrying Cost: $3,025
Note: the above is based on a down payment of 20% ($80,000), which is the minimum amount permitted by the building.

Description

Contract Out - This sun filled one bedroom is situated at the end of the hallway overlooking the courtyard which allows for a quiet, peaceful and serene place to call home. The open kitchen with breakfast bar includes a dishwasher, built-in microwave, generous cabinets for storage and a sizable dining area + foyer creating a great place to entertain. The sunny spacious bedroom has a large double closet and an area for a home office and the bathroom is in excellent condition as is the rest of the apartment. In addition, hardwood parquet floors, freshly painted, large south facing windows, an abundance of closets in a thoughtfully designed layout. The building features an elegant lobby with 24/7 Security Staff, live-in Superintendent, a newly renovated fitness room with 2 Peloton bikes, a landscaped courtyard with a Chef’s BBQ Grill which can 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 laundry room with oversized machines, 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 116th St., Malcolm X Blvd/Lenox Ave, Whole Foods on 125th, Costco, Aldi on E 117th, Trader Joe’s coming soon.

Convenient to 2,3,6 Subways, M1, M116, M102 Bus routes at 116th. Must be a primary residence, no pied-a-terre’s 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.

NOTE: Market rate Cooperative, NO income restrictions. 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. Contact the exclusive broker for all showings.

(Note: This property is NOT a Restricted Sale property i.e. NO income restrictions. Partial Virtual staging by Styldod.

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Apartment Amenities

  • Southern Exposures
Listing courtesy of Compass

Pricing History

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About Madison Court, 1787 Madison Avenue

Building Amenities

  • Post War
  • Resident Storage
  • Business Center
  • Fitness Center
  • Courtyard
  • Laundry Room
  • Bike Room

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Subways

  1. 6
at Lexington Ave 0.20 miles
  1. 2
  2. 3
at Lenox Ave 0.31 miles
  1. 4
  2. 5
at Lexington Ave 0.39 miles

Other Apartments Available in this Building (2)

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