330 W 145th St #503 New, York, NY 10039 listing details

New to the market. First open house Sunday, 7/27/14. This wonderful 3 bedroom/2 bath is on the fifth floor in The Hamilton, a Harlem cond-op (see below for cond-op definition). There is currently a $179.92 assessment until March, 2015 for capital improvements. The apartment is 1,243 square feet, sunny and quiet. It faces east and west with open views of the courtyard and the townhouses on Edgecombe Ave. IMPORTANT: Please note that to purchase in The Hamilton, your total household income cannot exceed $214,750 (regardless of household size). 90% financing. This apartment has to be your p...rimary residence. Subletting is permitted 2 out of 4 years after 2 years of ownership. An entry foyer then a short corridor with a coat closet lead to the dining area and living room. The separate windowed kitchen has a dishwasher, microwave and ample counterspace and cabinets. The second bathroom also has a window and there are large closets in each bedroom. The Hamilton, occupied since 2003, 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 express 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 a rental garage in the building and close proximity to the 145th Street Bridge, Harlem River Drive, George Washington Bridge and Triborough Bridge.Duane Reade and a branch of Chase Bank are in the building and a 24 hour Pathmark 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. City College, Riverbank State Park and various other Harlem attractions are within walking distance. Target, BJ's, Home Depot and Marshall's are also in the vicinity.This represents both a great place to live and a terrific investment opportunity. The Hamilton features a full-time doorman, common laundry facility and terrace, complimentary fitness room and it is pet friendly.What is a cond-op? By definition, a cond-op is a residential Cooperative 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 coop, the commercial units are owned as a condominium by an entity other than the coop. Thus, the coop does not receive the benefit of the income from these units. Many times, people will refer to Cooperatives 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'. Show more