Cheaper than renting!
This beautiful prewar diamond-in-the-rough features extra-tall ceilings, picture-frame moulding, and a dead-on view of Morningside Park. Once renovated to your personal taste, this apartment will still be less expensive than renting. Washer-dryer allowed as well as potential for adding a second bathroom. Cats and small dogs welcome!
Across the street from idyllic Morningside Park - with its vast green spaces, waterfall, pond, and playgrounds - 282 Manhattan Ave is also just 2 blocks from Central Park and the newly revitalized Harlem Meer and Davis Center with its newly inaugurated swimming pool/ice rink.
282 Manhattan Ave is a truly intimate coop with friendly neighbors who are committed to living in a great community together! Amenities include live-in super and video intercom. The building is around around the corner from the B/C subway lines, and popular dining options as Safari, Lalibela, Cafe Amrita, Melba's, Cantina Taqueria, Alke, BLVD, Harlem Tavern, Los 3 Charros, Lido and many more.
Income caps apply as follows, according to household size:
1 person: $136,080
2 ppl: $155,520
3 ppl: $174,960
4 ppl: $194,400
5 ppl: $210,000
6 ppl: $225,600
Also, please note that, during remaining (approx. 24) years of the current HPD regulatory agreement, the resale price of this unit is limited to a growth schedule of approximately 5% per year for the next 26 years. As an example, in 5 years, it could be resold for approx. $394,000; 10 years, approx. $503,000; 15 years, approx. $642,000; 20 years, approx. $820,000.
Please note that $309,000 is the maximum price that will be charged for this apartment. Also, the board will review multiple buyer applications prior to finalizing a sale.
