Total Est. Monthly Carrying Cost:
$3,383 ($4.86/ft2)
Note: the above is based on a down payment of 20% ($87,800),
which is the minimum amount permitted by the building.
Description
Check out the virtual tour. Buy this spacious renovated one bedroom at The Sutton, a Harlem condop (see below for cond-op definition). This 8th floor apartment faces uptown at the back of the building with north-east views towards Yankee Stadium. Nice and quiet with direct morning light.
There is almost a complete wall of windows in the living room.
New redesigned kitchen with dining counter, granite countertops, cherry wood cabinets and stainless steel appliances. New closet set up in the bedroom. Updated bathroom with new vanity, wall tiles and marble floor. Washer/dryer in the apartment.
Monthly maintenance $963.36 includes taxes, heat, gas and water.
IMPORTANT: Please note that to purchase this unit, your total household income cannot exceed $137,940 for a single person, $157,575 for two person household. Gifting is allowed. 80% financing. 2% flip tax paid by the seller. This apartment has to be your primary residence.
Subletting is permitted 2 out of 4 years after 2 years of ownership.
The Sutton features 24 hour security, resident superintendent, two elevators, landscaped courtyard, large fitness room, community room, package room, on site garage, through wall air conditioning and it is pet friendly.
Built in 2007, The Sutton is conveniently located on the edge of Hamilton Heights and Sugar Hill. You are just a few minutes’ walk from the 145th Street express subway station (A & C, B & D) - only two stops to Columbus Circle.
The 3 express train is also close by at 148th St. The Bx19 Bus runs crosstown on 145th Street. For drivers, there is close proximity to the 145th Street Bridge, Harlem River Drive, George Washington Bridge and Triborough Bridge.
Local conveniences include a Foodtown supermarket, Duane Reade, Starbucks, Dunkin’ Donuts, New York Sports Club, Bank Of America and Capital One Bank. Jackie Robinson Park with its recreation center and swimming pool is right across the street.
There is an ever increasing selection of independent restaurants, bars and coffee shops nearby such as The Grange, Fumo, Oso, Hogshead Tavern, Manhattanville Coffee Shop, Chopped Parsley, Sugar Cafe and Anchor Wine Bar.
City College, Hamilton Grange, Jumel Mansion, Riverbank State Park and various other Harlem attractions are also within walking distance.
Target, BJ’s, Home Depot and Marshall’s are in the vicinity as well.
What is a cond-op? By definition, a cond-op is a residential Cooperative where the ground floor (typically commercial units) is converted into a separate "condominium" which is either owned by an outside investor or the original sponsor of the building. Thus, although the residential units are a coop, the commercial units are owned as a condominium by an entity other than the coop.
Thus, the coop does not receive the benefit of the income from these units. Many times, people will refer to Cooperatives that operate under Condominium rules as "Cond-ops". This is not accurate although you will hear this quite often.
A Cooperative that operates under condominium rules is just that but may be inaccurately referred to as a "Cond-op".
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