1919 Madison Ave APT 604, New York, NY 10035

2 beds1 bath-- sqft Edit

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Off Market
Zestimate®: $699,800
Rent Zestimate®: $3,247/mo
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My Notes

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GREAT OPPORTUNITY - IF YOU QUALIFY!
Fabulous Courtyard Views. Lovely 2 bed/1 bath with balcony.
"OPEN MARKET" value of up to $700K if no restrictions. Restrictions perhaps will last another 6-8 years, by best authority, then the apt. will become "Open Market" & should more than DOUBLE in value!
Monthly charges may seem high at $1172, however two major benefits: 1. Approx $6000. annual tax deduction, 2. You could have a $700. monthly charge but then the selling price would have ~700K instead of half of that. In other words: your $600. monthly payment is instead of an extra $1700. monthly mortgage payment.
CALL TO REVIEW YOUR QUALIFICATIONS & To set Appointment: Dennis Costin at 646-286-9627.
Maple Court HDFC, 14 year old building showing "PRIDE OF OWNERSHIP" in area of ongoing high-end residential developments. (neighboring "5th On-The-Park": 2 bdrm apts are $900K-2.3MM.
Full Service: 24 hr concierge, package service, secure parking avail. & more...In fact: all the amenities you'd expect in any fine building.
2 nice-sized bedrooms, giant closets including an oversized walkin closet in the master bedroom. Oversized bath w/full wall mirror.
PROPERTY TAX EXEMPT for the next 6 years then 5 yr phase-in at 20%/yr.
*All utilities incl. except electric.
LIMITED ALLOWABLE INCOME: Household income must be: Min. ~$34K and a Max. of $108K for 3+ persons, or $92K for 1 or 2, when you 1st buy: no income limits thereafter. The maximums increase every year or so, increasing the saleability in the future.
A mere 8% flip tax when you sell... much less than the approx. average of 10-15% in most of the city.
Neighborhood Description
Neighborhood is rapidly developing with high-end condos, commericial buildings & hotels.
Transportation is excellent: East-side & West-side trains & Bus to LaGuardia only two blocks away plus city bus stops in front of the building.
 

What I love about the home

Fabulous area of the city: South Harlem: close in but still neighborly, across from historic Park/ TRANSPORTATION is unusually good: East and Westside trains within two short blocks and about the same to the MetroNorth trains and the M60 to LaGuardia airport.
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Facts

  • Cooperative
  • Built in 1998
  • Views: 1,416 all time views
  • Cooling: Wall
  • Heating: Baseboard
  • Parking: Off street, 50 spaces

Features

  • Cable Ready
  • Doorman
  • Double Pane/Storm Windows
  • Elevator
  • Fenced Yard
  • Finished basement
  • Garden
  • Gated Entry
  • Intercom
  • Lawn
  • Patio
  • Security System
  • Sprinkler System
  • View: Park

Additional Features

  • 24 hour doorman
  • elegant entrance
  • package holding serv.
  • nearby transportation

Appliances Included

  • Dishwasher
  • Range / Oven
  • Refrigerator

Construction

  • Exterior material: Brick
  • Roof type: Built up
  • Room count: 4
  • Stories: 8
  • Structure type: Contemporary

Other

  • Heating: Gas
  • Zillow Home ID: 2144402150

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$699,800
+$24,010 Last 30 days
$497K
$903K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$3,247/mo
+$77 Last 30 days
$2.6K
$4.6K
Zestimate range
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Improve This Home's Value

The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

Deck Addition

Mid-Range Major Kitchen Remodel

  • Mid-Range Major Kitchen Remodel

  • + 60.9K VALUE
  • Project cost: $70,403
  • See kitchen ideas

Mid-Range Bathroom Remodel

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
1,416 all-time views
of this home (chart)
173 forecasted views of this home
in the first 7 days after listing for sale
(26 views if listed for rent)

Comparable Homes

Homes like this sold for $565-825K.

$490K
$900K

Mortgages

Neighborhood: East Harlem

Zillow predicts East Harlem home values will increase 4.1% next year, compared to a 2% rise for New York as a whole.

Foreclosures will be a factor impacting home values in the next several years. In East Harlem, the number of foreclosures waiting to be sold is exactly the same as for New York, and 92.4% less than the national average.  read more Less 

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    Nearby Schools in New York

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org