408 W 25TH Street #3RE

Rare opportunity for an affordable one bedroom in Chelsea. Low price and low maintenance. IMPORTANT: This is an HDFC co-op with restrictions for income, resale and subletting. Total household income cannot exceed approximately $50,000 per year at the time of purchase. Buyer must put down a minimum 50% of the purchase price. All cash welcome. The co-op does not require considerable liquid assets after closing. Gifting is allowed. Must be your primary residence. No investors or pieds a terre. Owner can sublet for two years out of every five years after their first three years of ownership. Short term sublets are not allowed. $10,000 flip tax for future resale. Note that similar market rate apartments sell for much more and require considerable liquid assets after closing. Decorative fireplace. High ceilings. Good closets/storage. New stove. Washer/dryer allowed. Move in condition ready for your personal touch with great potential. Third floor of a walk-up in the back of the building so very quiet with great natural light (faces south). This charming building has undergone improvements (including new front entrance, intercom, staircase and hallways) with more planned (including the facade, a new laundry room and possible backyard). Pet friendly. Chelsea Recreation Center is on the block (gym, swimming pool and various other activities). Supermarket, pharmacy, post office and numerous other conveniences are also right on your doorstep. Trader Joe's, Whole Foods, Fairway and Chelsea Market are all within walking distance. Steps to C and E subway, The Highline, Hudson River Park, Chelsea Piers sports complex, the thriving art gallery scene, restaurants and nightlife.