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The Palm-Rio, 342 East 119th Street, #4E

$600,000 ($628 per ft2) | 2 beds, 2 baths | Approx. 955 ft2
171 days on Market

Key Details

  • Listed: Aug 14, 2022
    Days on Market: 171
    Building Type: Cooperative
    Neighborhood: East Harlem (Manhattan)
    Listing viewed 658 times
Monthly Maintenance: $1,113 ($1.17/ft2)
Total Taxes & Fees: $1,113 ($1.17/ft2)
Est. Monthly Mortgage: $2,980
Total Est. Monthly Carrying Cost: $4,093 ($4.29/ft2)
Note: the above is based on a down payment of 20% ($120,000), which is the minimum amount permitted by the building.

Open house:

  • Sun Feb 5 at 2:30 pm - 3:30 pm. By appointment only.

Description

NO INCOME RESTRICTIONS! This is NOT an HDFC.

You can afford a free-market 2-bedroom, 2-bath home in a co-op with a garden, elevator, fitness room, laundry room and parking!

You can’t help but smile when you open the door to your home and are greeted with sunny south-facing windows, the sounds of birds chirping outside your windows, and you have enough closet space to organize all of your belongings and a large open kitchen to prepare meals.

The apartment has 955 square feet of possibilities.

The primary bedroom includes a walk-in closet and en-suite bathroom with a shower stall. There is a cheerful second bedroom and second bathroom with a tub.

The Palm-Rio is a co-op with an elevator, private garden, fitness room, laundry room and parking (wait list for $135/month). Close to East River Plaza with Target, Costco, Burlington Coat Factory, and PetSmart. The neighborhood features trendy restaurants, bars, coffee shops and fitness studios.

Transportation options include the M15, M15 Limited, M116 and M125 crosstown buses and the 6 train.

Please note that there is a tax abatement until 2031 where it is being phased within a period of 4 years. The low maintenance of $1,113.28 is increasing at the rate of 6.31%/year to prepare for the end of the tax abatement period.

The Palm Rio is approved by First Republic’s Eagle Loan Program with 3.28% on a 30-year fixed rate mortgage. Please ask for more details.

Also available for rent.

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Apartment Amenities

  • Southern Exposures

Listing Agent (Seller's Representative)

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About The Palm-Rio, 342 East 119th Street

Building Amenities

  • Elevator
  • Fitness Center
  • On-Site Parking
  • Laundry Room

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Subways

  1. 6
at Lexington Ave 0.35 miles
  1. 4
  2. 5
at Lexington Ave 0.43 miles

Other Apartments Available in this Building (1)

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Listing provided courtesy of The Agency Brokerage