56 E 126th StAPT 1, New York, NY 10035

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Sold on 7/10/12: $790,000

Zestimate®: $1,674,768

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Description
Contract Signed. INVESTMENT ONLY!!Brownstone Condo! Current tenants in place until August 2012 paying $4,500.00/month.This fully renovated duplex home consists of a ground and first floor with app. 2,200 sf and is complete with potentially 6 bedrooms, 3 baths, exclusive access to the app. 900 sf basement and an outdoor garden!! Boasting nearly 10 ft ceilings, this home welcomes you the moment you enter. For a musician, there is a basement recording studio and a soundproofed drum room that is custom wired to the ground floor study, which can serve as a sound control room. The place is sound proofed, with floating floors and ceilings and double thick fire rock drywall. The home includes custom made wood blinds to cover the seventeen windows in the home, saving you a cost of about $8,000.00. This number of windows is rare and allows for maximum light and air into the home. If you crave outdoor space then the southern facing garden will be your paradise. This oasis is complete with outdoor spigots, floodlights and custom wrought iron-air conditioner window fittings. If this is not enough to get you really excited... how about paying NO TAXES for three years! The current tax abatement means ZERO taxes until late October of 2017. After that, taxes go up 10% of the assessed value each year until reaching 100% in 2027. The Condo Board is also paying for the cost to improve the front stoop in the spring. Home has exclusive, full access to the basement for a laundry area and additional storage. View full Listing information on Halstead.com  MoreLess
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$1,674,768
+$253,566 Last 30 daysd
$1.19M
$1.94M
Zestimate range
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$4,835/mo
+$58 Last 30 daysd
$2.9K
$9.7K
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Neighborhood for 56 E 126th Street APT 1

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Among New York homes, this home is valued 224.2% more than the midpoint (median) home, but is valued 11.2% less per square foot. Foreclosures will be a factor impacting home values in the next several years. In the East Harlem market, the number of foreclosures waiting to be sold dropped 5.3% in the last year. The number of unsold foreclosures is 55.6% less than in New York, and 96.7% lower than the national average. This lower local number could help East Harlem home values rise more quickly than other regions in New York.

Learn more about forecast calculations or East Harlem home values.
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