Madison Park, 1831 Madison Avenue, #7L
316 days on Market
Key Details
-
Listed: Jun 19, 2023Last Price Change: -5.2% ($34,000) on Apr 6Days on Market: 316Building Type: CooperativeNeighborhood: East Harlem (Manhattan)Doorman: FT DoormanListing viewed 297 times
Monthly Maintenance:
$1,065
Est. Monthly Mortgage:
$3,407
Mortgage calculator
Total Est. Monthly Carrying Cost:
$4,472
Note: the above is based on a down payment of 20% ($123,000),
which is the minimum amount permitted by the building.
Description
This spacious two bedroom, two bathroom Coop home features a Southern exposure overlooking 119th Street. The corner Primary bedroom has two exposures and includes a walk-in closet and an en-suite windowed, bathroom facing East. This apartment has just been refreshed with new paint and newly refinished hardwood floors throughout.
This 9 story coop building was built in 2002. The bottom 7 floors (including Apt 7L) are subject to an HDC Regulatory Agreement and the upper two floors are deregulated. The HDC income cap for Apt 7L is $333,500 per household gross.
NOTE: This is NOT an HDFC Building. The 2% Flip tax is paid by the Seller. There is a 421a tax abatement on the building that begins expiring this year. It will expire over the next 5 years until the property taxes are at 100%.
Consequently, there is a 10% Assessment on the MM in effect thru 2029. The MM is 42% tax deductible.
The Madison Park is a full service, pet friendly Coop. Amenities include a 24 hour door-staff, live-in super, laundry room, and 24-hour gym.
There is also a bike room and private storage available. Residents can enjoy the exclusive, outdoor courtyard for social gatherings and parties. The building is located across the street from Marcus Garvey Park, which offers additional fun times, such as a large dog run, basketball courts, a recreation center, an amphitheater, and an outdoor pool.
There is easy access to the 2/3 or 4/5/6 subway trains at 116th or 125th Streets and multiple bus lines including the M60 to LaGuardia airport.
This 9 story coop building was built in 2002. The bottom 7 floors (including Apt 7L) are subject to an HDC Regulatory Agreement and the upper two floors are deregulated. The HDC income cap for Apt 7L is $333,500 per household gross.
NOTE: This is NOT an HDFC Building. The 2% Flip tax is paid by the Seller. There is a 421a tax abatement on the building that begins expiring this year. It will expire over the next 5 years until the property taxes are at 100%.
Consequently, there is a 10% Assessment on the MM in effect thru 2029. The MM is 42% tax deductible.
The Madison Park is a full service, pet friendly Coop. Amenities include a 24 hour door-staff, live-in super, laundry room, and 24-hour gym.
There is also a bike room and private storage available. Residents can enjoy the exclusive, outdoor courtyard for social gatherings and parties. The building is located across the street from Marcus Garvey Park, which offers additional fun times, such as a large dog run, basketball courts, a recreation center, an amphitheater, and an outdoor pool.
There is easy access to the 2/3 or 4/5/6 subway trains at 116th or 125th Streets and multiple bus lines including the M60 to LaGuardia airport.
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Apartment Amenities
- City View
Listing Agent (Seller's Representative)
Listing courtesy of
Corcoran Group
Pricing History
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