1919 Madison Ave APT 604, New York, NY 10035

2 beds, 1 bath
Off Market
Zestimate®: $802,495
Rent Zestimate®: $2,576/mo
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This home is not currently listed for sale or rent on Zillow.

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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
  • 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: 8.0
  • Structure type: Contemporary
Other
  • Heating: Gas
  • Zillow Home ID: 2144402150
Home Values
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$802,495
+$100,183 Last 30 daysd
$666K
$915K
Zestimate range
Rent Zestimate What's this?
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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
$2,576/mo
+$88 Last 30 daysd
$1.9K
$3.4K
Zestimate range
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Neighborhood for 1919 Madison Avenue APT 604

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Zillow predicts New York home values will increase 5.5% next year, compared to a 3.4% increase for New York Metro as a whole.

Foreclosures will be a factor impacting home values in the next several years. In New York, the number of foreclosures waiting to be sold is 69.2% lower than in New York Metro, and 94.8% less than the national average. This lower local number could help New York home values rise more quickly than other regions in New York Metro.

Learn more about forecast calculations or New York home values.
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    Nearby Schools in New York

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    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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