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Listing Courtesy of: eyitayo adegoke - Brown Harris Stevens Residential Sales LLC 212-906-9234

$657,000

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1831 Madison Ave Unit 6A New York, NY 10035

Apartment Residence

2 Beds

2 Baths

860 Sq. Ft.

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Last updated on 9/25/2024 1:07 AM

Listing Details

This serene split two-bedroom, two-bathroom layout captures the gentle morning eastern light, offering tranquility. Step into an updated kitchen featuring light grey tones, marble flooring, Corian countertops, and state-of-the-art stainless-steel appliances, including a dishwasher. The dining exper...ience is elevated with a charming banquette area adjacent to the kitchen, creating a perfect space for entertaining culinary delights. The spacious primary bedroom has an en-suite bath and a generous walk-in closet. The second bedroom effortlessly accommodates a queen-size bed. Pet-friendly and designed for contemporary living, this residence adheres to an HDFC income cap of $333,500, with the seller covering the flip tax. A nominal current capital assessment of $83.31 ensures your investment in this refined space. Madison Park, your full-service building, offers a suite of amenities, including a gym, residents lounge, courtyard, laundry room, live-in super, and a dedicated concierge. storage units are available upon request with additional fees, along with convenient bike racks on a first-come, first-serve basis. The lower seven floors of the building are governed by an HDC Regulatory Agreement, while the upper two floors are not subject to regulation. The income cap set by HDC stands at $333,500 per household gross. It's important to note that this building is not HDFC-designated. The seller bears the 2% flip tax. Additionally, there is a 421a tax abatement in place which begins to phase out this year, gradually reaching 100% property tax rate over the next five years. Consequently, there's a 10% assessment on maintenance in effect until 2029. Furthermore, 42% of the maintenance is tax deductible. Embrace the vibrant neighborhood, situated across from Marcus Garvey Park, boasting an outdoor pool, Richard Rodgers Amphitheater, public art installations, playgrounds, fitness areas, and a dog run. Commuters await easy access to the 2/3 or 4/5/6 trains at 116th or 125th Streets and multiple bus lines, including the M60 to LaGuardia. Continue reading

MLS#

RPLU-63222978550

Property Type

Apartment

Bedrooms

Bathrooms

2 Full

Year Built

2002

HOA Fee

$992 Monthly

Square Feet