OFFERED AT:
- Asking Price: $575,000
- Maintenance Or Common Charge: $648
- Financing Allowed: 80% permitted
- Flip Tax: See building notes.
- Duplex 1 Bedroom plus Office/Den
- Fully Gut Renovated Building 2003
- Laundry on Floor
FEATURES:
- Room Count: 4
- Bedrooms: 1
- Bathrooms: 1
- Condition: Excellent
- Move-In Ready
- Views: Charming northern tree-lined exposures
- Exposures: N/W/S
- Custom Cabinetry
- 26' Living/Dining Area
- Extra Tall 8'10 Ceilings
- Sorry, No Pets or Smoking
- HDFC Guidelines Apply
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Large 1 Bedroom with bonus office/den AND laundry room on floor - only $575,000!
Located in the heart of the Theater District on a charming tree-lined street, this move-in ready high first floor duplex offers lots of extras. Entering the parlor level you will find a 26’ living/dining room boasting extra high 8’10” ceilings, custom cabinetry, strip hardwood floors, and baseboard heating. The updated open kitchen showcases an elegant black and white palette with new appliances and gorgeous black quartz countertops.
The dramatic steel staircase brings you upstairs to the second level, where you’ll find a private 10x11 bedroom, a separate 19'-long den plenty big enough for guests, a lovely home office area, as well as the windowed bathroom.
To top it all off, the monthly maintenance is only $648, making the apartment ultra affordable. This is a great opportunity for the qualified buyer to get in while the apartment still falls under initial HDFC guidelines.
Building Notes: Located on a picturesque tree-lined street in the heart of the Theater District, 316 West 47th Street is a charming 5 story, 12 unit building originally built in 1920. The entire building was COMPLETELY gut-renovated in 2003 when converted to co-op, and features new windows, baseboard heating, and in-unit sprinkler system. Best of all - this debt free building boasts INCREDIBLY low maintenance, making homes here extra-affordable.
316 West 47th Street was rebuilt as part of the city’s HDFC co-operative ownership program in 2003. Under 2023 guidelines, here are allowable maximum buyer incomes:
Single Person Household: $118,680
Two Person Household: $135,600
Three Person Household: $152,520
Four Person Household: $169,440
The co-op is for Primary Residence only. It is a smoke-free building. Sorry, no pets permitted. Note that till the building comes off initial HDFC restrictions in 2033, there is a required flip tax by seller of 30% of profit.
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