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A blog from CityRealty (Links below will take you to the 6sqft site)
In Contract

110 Cambridge Place, #1C

$340,000 +13.3% | 2 beds, 1 bath

Key Details

  • Listed Jan 10, 2020
    Last Price Change +13.3% ($40,000) on Jun 5
    Building Type Cooperative
    Neighborhood Clinton Hill
  • Monthly Maintenance $509

Description

Situated in the landmark of the Clinton Hill historic district, this ground floor opportunity fixer upper on tree-lined Cambridge Place is configured as 2 bedrooms, a windowed eat-in kitchen, a windowed living room and a full windowed bathroom. The apartment boasts 9' 7 inch ceilings and east & west exposures. One washer & one dryer is allowed.

Heat and water are included in the monthly maintenance. 0% of the monthly maintenance is tax deductible. No more than 2 medium size pets allowed.

Gifting is permitted so long as the applicant qualifies by income. Prospective purchasers cannot own real estate elsewhere and purchase in the building. Must be a primary residence.

Subletting is allowed for up to 2 years with board approval after 5 years of residency. Bank financing is available. 90% financing is allowed.

The building has 40 apartments, is well maintained, offers a live-in super, security cameras, a common backyard for grilling & relaxation in addition to a community room for rent. $10,000 went into repairing the gas boiler in 2019. New front windows and repairs to the roof are planned for 2020.

No monthly assessments nor an increase in the monthly maintenance are planned for these improvements. This is an HDFC co-operative.120 percent of AMI (Average Median Income) determines eligibility. Maximum income for a family of one shall not exceed $89,640 family of two $102,480 family of three $115,320.

Located around the corner from services along Fulton Ave and just 4 blocks from the Washington Street station for the A & C subway trains.

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Estimated Monthly Cost

About 110 Cambridge Place

  • Co-op
  • Built in 1930
  • 20 Apartments
  • 5 Floors

Building Amenities

  • Pre War

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Subways

  1. C
at Clinton Ave and Fulton Ave 0.14 miles
  1. G
at Washington Ave and Lafayette Ave 0.35 miles
  1. S
  2. A
at Franklin Ave and Fulton 0.37 miles
About this Building

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Listing provided courtesy of Douglas Elliman - Manhattan
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