501 W 122nd St APT 2, New York, NY 10027

2 beds1 bath700 sqft Edit

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Off Market
Zestimate®: $426,288
Rent Zestimate®: $2,873/mo
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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.

My Notes

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INVESTOR FRIENDLY! INVESTOR FRIENDLY BUILDING!!INVESTMENT ONLY - TENANT IN PLACE (SEE BELOW) - NO INCOME RESTRICTIONS. Only 10% Down !! INVESTMENT ONLY!!!!There's currently a rent stabilized SINGLE tenant in place and will remain in the apartment INDEFINITELY. Tenant has been in the apartment since the 1960's. Single, retired, 72 year old with no immediate family - no kids, never married. Currently paying a monthly rent of $868.17 per month - maintenance is $656. Rent is due to go up this may by 7.75%This is a 2 bedroom 1 bathroom co-op apartment located on the 2nd floor of an elegant pre-war co-op building surrounded by trendy restaurants, shopping and trees. Located in a prominent location close to Columbia University and public transportation. Buses M11 and M60 on the corner, or just a few blocks to M104 and the 1 Train.Apartment is worth about 500k on the open market - discount offered for the holding time until apartment might be sold for full value or subleased (about 2950$ a month). FLEXIBLE BOARDALL OFFERS CONSIDERED - MOTIVATED SELLER - EASY BOARD APPROVAL - CASH or FINANCING - INVESTOR FRIENDLY BUILDING24-48 hour advance noticed required for showing.  More Less 

Facts

  • Cooperative
  • Built in 1901
  • Laundry: In Unit
  • Parking: On street

    Features

    • Flooring: Hardwood

        Additional Features

        • Cable-ready, Living room, Secured entry, Stainless steel appliances

        Appliances Included

        • Dishwasher
        • Dryer
        • Washer

        Construction

        • Unit count: 26

        Other

        • Floor size: 700 sqft
        • Zillow Home ID: 2111060038

        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

        The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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        $426,288
        +$2,763 Last 30 days
        $350K
        $499K
        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
        $2,873/mo
        +$20 Last 30 days
        $2.2K
        $3.6K
        Zestimate range

        Popularity on Zillow

        If this home is listed on Zillow, it will reach the largest real estate network on the web.*
        9,400 all-time views
        of this home (chart)
        129 forecasted views of this home
        in the first 7 days after listing for sale
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        Comparable Homes

        Homes like this sold for $370-505K.

        $320K
        $550K
         

        Home Expenses

        Internet, phone and TV
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        Neighborhood

        Market guide

        Zillow predicts 10027 home values will rise 8.8% next year, compared to a 2.3% rise for New York as a whole. Among New York homes, this home is valued 23% less than the midpoint (median) home, but is valued 41.7% more per square foot.

        Foreclosures will be a factor impacting home values in the next several years. In 10027, the number of foreclosures waiting to be sold is 425.2% greater than in New York, and 27.6% greater than the national average. This higher local number may prevent 10027 home values from rising as quickly as other regions in New York.

        Learn more about forecast calculations or 10027 home values.
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          For Sale

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          Rentals

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          Other Units in this Building (4)ZestimateBedsBathsSqft
          Apt E5$3.89M31--
          # B--21700
          Apt E1$421K11700
          Apt B5$459K21775

          Nearby Schools in New York

          GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

          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