1787 Madison Avenue, Unit 402

$650,000
Price
2
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

No Income Restrictions and the building qualifies for The Eagle program through First Republic a 30 year fixed at a low rate of 3.28% and $7,000 towards closing costs Sunny Western facing 2BD 2 BA home comes with a master bedroom with a Customized walk-in closet featuring sizable double hanging space and drawers for your smaller items, as well as an ensuite bathroom. The spacious second bedroom also has ample closet space. The kitchen is open to your dining/living space. While cooking enjoy speaking...No Income Restrictions and the building qualifies for The Eagle program through First Republic a 30 year fixed at a low rate of 3.28% and $7,000 towards closing costs Sunny Western facing 2BD 2 BA home comes with a master bedroom with a Customized walk-in closet featuring sizable double hanging space and drawers for your smaller items, as well as an ensuite bathroom. The spacious second bedroom also has ample closet space. The kitchen is open to your dining/living space. While cooking enjoy speaking with your guests or working at your countertop.

The home is well equipped with through-wall air conditioning.

The building features a welcoming lobby w/24-hour attendant and live-in Superintendent, a newly renovated fitness room with Peloton bikes, and landscaped courtyard with Barbeque Grill. The newly renovated courtyard can be rented for private events. There is a shared book library, community garden, children’s play area, and local volunteering and donation activities organized through the building’s members and committees. There is a large new laundry room with oversized machines and a storage and bike room available for an additional fee.

Newly placed City Bikes are available on the corner of 118th Street and Madison Avenue. Steps from Marcus Garvey Park, Central Park, and the new retail stores and restaurants along the corridor of Lenox Avenue make this the perfect location. It is a short walk to Whole Foods on 125th & Lenox and a short distance from either 116th & Lenox (#2/3 Train) or 116 & Lexington (#6 Train), subway lines to midtown. There is a Flip tax of 1% of the gross sales if you sell after 3 years or a 3 percent flip tax if you sell before 3 years paid by the seller.

Must be a primary residence no pied-a-terre allowed, and Subletting allowed 2 out of 4 years.

Pet friendly. 90% financing permitted with approved lenders. Maintenance is 32% tax-deductible and 421A abatement in effect until 2028.

Listing Agents

  1. Dianne Howard

    Dianne Howard

    Listing Agent

    Compass

  2. Vie Wilson

    Vie Wilson

    Alternative Listing Agent

    Compass

    vie.wilson@compass.com

    P: 917.969.1567

Amenities

  • Full-Time Doorman
  • Open Views
  • Common Garden
  • Gym
  • Parquet Floors
  • Elevator
  • Laundry in Building
  • Dishwasher

Location

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LISTING UPDATED: 06/12/2022 02:15 PM

Property Details for 1787 Madison Avenue, Unit 402

StatusTemporarily Off Market
Days on Market79
Taxes-
Maintenance$986 / month
Min. Down Pymt10%
Total Rooms4.0
Compass TypeCo-op
MLS TypeCo-Operative
Year Built2003
CountyNew York County

Building

1787 Madison Ave

96 Units8 StoriesBuilt in 2003

Location

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Virtual Tour

Building Information for 1787 Madison Avenue, Unit 402

Building/Complex1787 Madison AveFloor4Stories8Residences96Pet PolicyAllowedYear Built2003Building AgePost-warBuilding TypeLowrise

Payment Calculator

$4,977 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,991

Property Taxes

$0

Maintenance/Common Charges

$986

The Payment Calculator is for illustrative purposes only.

Property History for 1787 Madison Avenue, Unit 402

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1787 Madison Avenue, Unit 402

Taxable ValueLand-Additions-Total-
Home Facts
APN1016231002

Schools near 1787 Madison Avenue, Unit 402

This home is within New York City Geographic District # 5.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 30 Hernandez Hughes
PublicPK to 5

Urban Assembly Academy for Future Leaders
Public6 to 8

Urban Assembly-Global Commerce
Public9 to 12

Harlem Renaissence High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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