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

116 Cambridge Place, #1A

Listing no longer available on CityRealty as of Jan 23, 2021
It previously was on the market for a total of 204 days.
204 days on Market

Key Details

  • Listed Jul 3, 2020
    Days on Market 204
    Building Type Cooperative
    Neighborhood Clinton Hill
  • Monthly Maintenance $509

Description

Situated in the landmark of the Clinton Hill historic district, this ground floor fixer-upper opportunity 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 9'3" 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.

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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About 116 Cambridge Place

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

Building Amenities

  • Pre War
  • Walk Up
  • Intercom

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