Welcome to The Hamilton, a Harlem cond-op (not a condo, see below for cond-definition). 90% financing. Tax abatement until 2029.
Very quiet and sunny, this nicely renovated 7th floor apartment is at the back of the building with southern exposure and wonderful open views of City College and the midtown skyline. Spacious living room with dining area. The owner currently has a great home office set up. Upgraded pass through kitchen with stainless steel appliances, granite countertops, backsplash and ample counter space and cabinets.
The Hamilton, built in 2004, features a full-time doorman, common laundry facility and terrace, complimentary fitness room and it is pet friendly.
The building is conveniently located on the edge of Hamilton Heights and Sugar Hill, just one block from the 145th Street express subway station (A, B, C, D) - only two stops to Columbus Circle. The 3 express train is also just three blocks away at 145th Street and Lenox Avenue. The Bx19 Bus runs crosstown on 145th Street. For drivers, there is close proximity to the 145th Street Bridge, Harlem River Drive, George Washington Bridge and Triborough Bridge. Duane Reade is in the building and a Foodtown supermarket is next door. Starbucks, New York Sports Club, Bank of America, a farmers' market and Jackie Robinson Park with its swimming pool are right across the street.
There is an ever increasing selection of independent restaurants, bars and coffee shops nearby such as The Grange, Fumo, Oso, Hogshead Tavern, Manhattanville Coffee Shop, Chopped Parsley, Sugar Cafe and Anchor Wine Bar.
City College, Hamilton Grange, Jumel Mansion, Riverbank State Park and various other Harlem attractions are also within walking distance. Target, BJ's, Home Depot and Marshall's are in the vicinity as well.
IMPORTANT: The Hamilton has an income cap of 250% AMI: household size of one person: $199,000; two people: $227,500; three people: $256,000. This apartment has to be your primary residence. Subletting is permitted 2 out of 4 years after 2 years of ownership.
What is a cond-op? By definition, a cond-op is a residential co-operative where the ground floor (typically commercial units) is converted into a separate "condominium" which is either owned by an outside investor or the original sponsor of the building. Thus, although the residential units are a co-op, the commercial units are owned as a condominium by an entity other than the co-op. Thus, the co-op does not receive the benefit of the income from these units. Many times, people will refer to co-operatives that operate under condominium rules as "cond-ops". This is not accurate although you will hear this quite often. A cooperative that operates under condominium rules is just that but may be inaccurately referred to as a "cond-op".