17 West 106th Street is home to the Ellington House, a co-op building comprised of 54 units spread across four buildings at 13-19 West 106th Street. This walk-up building is ideally located just a half block from Central Park, offering residents easy access to one of New York City's most iconic green spaces. The building features amenities such as laundry facilities in the basement and a pet-friendly policy, making it a practical choice for many. However, it is important to note that there is a 20% flip tax on profits from sales, and income caps apply for potential buyers, with current limits set at $64,758 for up to two people and $75,549 for three or more residents.
Apartments in the Ellington House often showcase unique characteristics, such as oversized windows, high ceilings exceeding 9 feet, and exposed brick details. Recent listings highlight fully renovated one-bedroom units that can be converted into two bedrooms, featuring modern kitchens with stainless steel appliances and updated bathrooms. The top-floor apartments, in particular, offer impressive views and a loft-like feel, appealing to those seeking a blend of classic charm and contemporary updates.
The building has a rich history, having been developed as an HDFC by tenants over twenty-five years ago. This history adds a layer of community and character to the residence. While the HDFC restrictions are set to expire, potential buyers should be aware of the all-cash purchase requirement and the need for board approval. Overall, 17 West 106th Street presents a unique opportunity for those looking to live in a vibrant neighborhood close to Central Park while navigating the complexities of co-op ownership.