14 days on rocket

1787 Madison Ave Unit 514, New York City, NY, 10035

$400,000

Home List Price

$4,750*

Closing Credit

1 Bedroom
1 Full Bath
Condo
Schools Nearby

Location

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1787 Madison Ave Unit 514, New York$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
Year Built2003
HeatingWall Furnace
CoolingOther, Wall Unit(s)
MLS #COMP-1561068759615767041
StatusActive

About 1787 Madison Ave Unit 514

Contract Out - This sun filled one bedroom is situated at the end of the hallway overlooking the courtyard which allows for a quiet, peaceful and serene place to call home. The open kitchen with breakfast bar includes a dishwasher, built-in microwave, generous cabinets for storage and a sizable dining area + foyer creating a great place to entertain. The sunny spacious bedroom has a large double closet and an area for a home office and the bathroom is in excellent condition as is the rest of the apartment. In addition, hardwood parquet floors, freshly painted, large south facing windows, an abundance of closets in a thoughtfully designed layout. The building features an elegant lobby with 24/7 Security Staff, live-in Superintendent, a newly renovated fitness room with 2 Peloton bikes, a landscaped courtyard with a Chef's BBQ Grill which can be rented for private events. There is a shared categorized book library, children’s play area, local volunteering and donation activities organized through the building’s members and committees. A large laundry room with oversized machines, storage and bike room available for an additional fee. Internet Providers: Verizon FIOS, Spectrum or Starry. City Bikes available on the corner of Madison Ave/118th St, a short distance to Marcus Garvey Park, Central Park, retail stores and restaurants along the corridor of 116th St., Malcolm X Blvd/Lenox Ave, Whole Foods on 125th, Costco, Aldi on E 117th, Trader Joe's coming soon. Convenient to 2,3,6 Subways, M1, M116, M102 Bus routes at 116th. Must be a primary residence, no pied-a-terre's allowed and subletting allowed 2 out of 4 years. PET friendly. 90% financing permitted. Maintenance is 32% tax-deductible and 421A abatement in effect until 2028. NOTE: Market rate Cooperative, NO income restrictions. There is a Flip tax of 1% of the gross sales if you sell after 3 years or a 3 percent flip tax if you sell before 3 years paid by the seller. Contact the exclusive broker for all showings. (Note: This property is NOT a Restricted Sale property i.e. NO income restrictions. Partial Virtual staging by Styldod.

Property Details

Property Features

Property Information:

  • Year Built: 2003

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Karen Shenker
  • Agent Phone: (917) 721-9836

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven, Refrigerator, Stainless Steel Appliance(s)
  • Flooring Type: Parquet
  • Interior: Breakfast Bar, Entrance Foyer, Granite Counters

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Barbecue

Parking Information:

  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Other, Wall Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000

HOA Fees:

  • Amount: $846
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

1787 Madison Ave Unit 514 vs New York

14 DAYS ON ROCKET

-82 Days

$400,000

-$449.1K Less

KEY TAKEAWAY

This property is $449.1K less than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #COMP-1561068759615767041

Listing Office:

  • Office Name: Compass
  • Office Phone: (212) 913-9058
  • Listing Agent: Karen Shenker
  • Agent Phone: (917) 721-9836

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/15/2024, 3:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,910

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1483599
3
/10
  • Mosaic Preparatory Academy

  • 141 E 111th St

  • 0.34 miles

  • Public District Grades PK-5

school-card-donut-1483600
4
/10
  • Harlem Link Charter School

  • 20 W 112th St # 357

  • 0.35 miles

  • Public Charter Grades KG-5

school-card-donut-1483601
2
/10
  • PS 185 The Early Childhood Discovery and Design Magnet School

  • 20 W 112th St

  • 0.35 miles

  • Public Magnet Grades PK-2

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,848. The most common annual income of people living in New York, NY is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1787 Madison Ave Unit 514

What is the listing price of this property?

The listing price of 1787 Madison Ave Unit 514 property is $400,000.

What type of property is this?

The property 1787 Madison Ave Unit 514 is a condo located in New York City, New York, 10035.

Is this property for sale now?

Active Listing: 1787 Madison Ave Unit 514 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1787 Madison Ave Unit 514 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 1787 Madison Ave Unit 514 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 1787 Madison Ave Unit 514 is 2003.

Rocket Homes›New York›New York›10035›1787 Madison Ave Unit 514

This home is located at 1787 Madison Ave Unit 514 in New York City, NY and zip code 10035 in the East Harlem neighborhood. This home was built in 2003. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $400,000.

In April 2024 more than 168 listings in New York, NY were sold above the asking price. During the same period more than 758 listings were sold at asking price, while more than 748 were sold below. The number of homes for sale in New York, NY increased by 3.8% between March 2024 and April 2024. In April 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $849,191.

From Rocket Homes Real Estate and based on county public records data.

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