312 W 122nd Street #1E

SOLD/CLOSED - This newly converted HDFC Coop is located off Frederick Douglass Blvd known as South Central Harlem's restaurant row --the 2/Convertible 3 bedroom /1 Bath apartment features N/S/E exposure with large windows allowing for plenty of light, oak hardwood floors, double-pane noise abatement windows in "every" room and closets galore (6) with storage above. The large open windowed kitchen includes plenty of cabinets and counter space which is adjacent to the living/dining room area making it great for entertaining. The primary bedroom is large enough for a queen-size bed with 2 double closets + storage & the 2nd bedroom also has a double closet with storage. The building has no underlying mortgage, strong financials, is very well maintained with an active co-op board & a great managing agent. Building features: include a video intercom system, security surveillance, NO elevator, pre-wired for TV Cable & telephone outlets & laundry in basement of 310 W122nd & PET friendly. (Storage coming soon.) This unit is sponsor owned (by Coop) which requires board approval. This is an HDFC co-op so prospective buyers must provide 2014 & 2015 tax returns, each showing AGI (line 37) that does not exceed 120% of the Area Median Income (AMI). The 2016 income limits are as follows: 1 occupant: $76,200; 2 occupants: $87,000; 3 occupants: $97,875; 4 occupants: $108,750. The entire building was newly renovated & converted in 2011. Flip-tax: 30% of profit paid by seller on resale. Subletting is allowed 18 months out of every 5 years subject to Board approval. Convenient to Columbia University, soon to open Whole Foods development, the A,B,C,D & 2,3 subway lines, major bus routes & 3 parks. Won't last long!