Total Est. Monthly Carrying Cost:
$3,321 ($11.33/ft2)
Note: the above is based on a down payment of 20% ($103,000),
which is the minimum amount permitted by the building.
Description
Cozy sun filled condo studio at the The Louis Phillippe in the heart of Chelsea. This south-facing Lilliputian gem is the perfect starter home, pied a terre, dormitory alternative or investment property.
Very quiet since the unit looks out of the buildings on W 22nd St. Equipped with high ceilings, hardwood floors, great closet space, skylit-bathroom with bathtub, A/C and central heating.
This home is in a Pre-War Elevator building with a live-in superintendent, on-site laundry, bike storage ($20/m) and storage lockers ($10/m).Conveniently located just steps from the C/E line, one block to 1/ 9 trains and some of the best shopping and food options in NYC.
Low common charge of $196.55/m (currently there is an assessment for replacing the gas line which makes the common charge $375.54/m). Real estate tax paid for 2015 was $288/m.
As an investment property, you can earn $2400+/month in rental income.
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