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100 West 57th St. 7G, New York, NY 10019

$275,000
Active Listing
Listing Details:
$275,000 Price
Co-op Property Type
Midtown Central Neighborhood
1 Beds
1 Baths
950 Approx. Sq. Ft.
$2,700 Maint/CC
Key Features:
Doorman
Elevator
Garage
Laundry
Allows Pets
Description:

Why Buy Apt 7G at The Carnegie House, a Land-Lease Coop with Potential Land Acquisition? Location: Billionaires' Row facing Sixth Ave, two blocks from Central Park, on the route of The Thanksgiving Day Parade (you will have more friends than you know what to do with). Size: HUGE one bedroom/ one bath approximately 950 sf. Best Buy in NYC. At least 50% LESS than comparable coops on Billionaires' Row and priced with consideration for potential acquisition of land, Full-Service white glove coop, Board is working on acquiring land leading to: increased value of coop, reduction in maintenance (if shareholder pays assessment in cash) probable conversion to condop. Land-Lease resets every 25 yrs. Next reset in 4 years (only if there is no acquisition of land) - increase in maintenance unknown, If land is acquired there will be an assessment based on a price per share. Unique Board Requirement: Post-closing liquidity required of approx $1M or equal to fair market for apt. This will be an all-cash deal. Ongoing assessment of $384.40

Listing courtesy of The Corcoran Group

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