1 Bed
1 Bath
1,100 SqFt
1 Bed
1 Bath
1,100 SqFt
Key Details
Property Type Condo
Sub Type coops
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $227
Subdivision Kips Bay
MLS Listing ID OLRS-2108132
Bedrooms 1
HOA Fees $2,055/mo
HOA Y/N Yes
Year Built 1977
Property Description
PRIME INVESTMENT OPPORTUNITY--INVESTORS ONLY--The apartment is occupied by a rent stabilized tenant.
Rent-stabilization requires automatic renewals and any increases are governed by the Rent Stabilization Board of NY.
Shares: 1290
Current Rent: $2,039.42
Current Maintenance: $2,055.74
This rent-stabilized Loft 2-bedroom, 1-bathroom apartment offers an excellent investment opportunity for long term appreciation. The approximate FREE MARKET value of the apartment is $600,000. After the current tenants move out, you will have the option to sell as is or renovate and sell at a larger profit.
The apartment is south facing and features 12 ft ceilings with floor to ceiling windows. Currently in estate condition and approximately 1,100 sf including the loft, the apartment provides an excellent space in a thriving neighborhood.
Situated on the 6th floor of a full-time doorman/elevator building, this incredible apartment also grants access to the European-style lobby with a concierge and seating area. Additionally, residents can savor breathtaking panoramic city views from the huge roof deck. Convenient amenities include washer/dryer units on each floor, ensuring a comfortable lifestyle.
Located in the highly sought-after Gramercy Park-Kips Bay area, this beautiful home immerses you in the vibrant energy of one of NYC’s liveliest neighborhoods. Within a stone’s throw, you’ll find a plethora of local businesses, restaurants, bars, cafes, supermarkets, and shopping options. Commuting is a breeze with proximity to 6/R/W trains and a short walk to F/M/L/Q/N/4/5 and Union Square Station.
Location
Interior
Fireplace No
Laundry Building Washer Dryer Install Allowed, Building Multiple Locations, Common Area
Exterior
Exterior Feature Building Storage, Building Courtyard, Building Roof Deck
View Y/N Yes
View City
Private Pool No
Building
Dwelling Type None
Story 8
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Stock Cooperative
Monthly Total Fees $2, 055
Special Listing Condition Standard
Pets Allowed Building Cats OK, Cats OK
MORTGAGE CALCULATOR
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104 West 40th Street 4th Floor, New York, NY, 10018, USA