This spacious two bedroom, two bathroom Coop home features a Southern exposure overlooking 119th Street. The corner Primary bedroom has two exposures and includes a walk-in closet and an en-suite windowed, bathroom facing East. This apartment has just been refreshed with new paint and newly refinished hardwood floors throughout. <br><br>This 9 story coop building was built in 2002. The bottom 7 floors (including Apt 7L) are subject to an HDC Regulatory Agreement and the upper two floors are deregulated. The HDC income cap for Apt 7L is $333,500 per household gross. NOTE: This is NOT an HDFC Building. The 2% Flip tax is paid by the Seller. There is a 421a tax abatement on the building that begins expiring this year. It will expire over the next 5 years until the property taxes are at 100%. Consequently, there is a 10% Assessment on the MM in effect thru 2029. The MM is 42% tax deductible.<br><br>The Madison Park is a full service, pet friendly Coop. Amenities include a 24 hour door-staff, live-in super, laundry room, and 24-hour gym. There is also a bike room and private storage available. Residents can enjoy the exclusive, outdoor courtyard for social gatherings and parties. The building is located across the street from Marcus Garvey Park, which offers additional fun times, such as a large dog run, basketball courts, a recreation center, an amphitheater, and an outdoor pool. There is easy access to the 2/3 or 4/5/6 subway trains at 116th or 125th Streets and multiple bus lines including the M60 to LaGuardia airport.
Property Details
Property Features
Property Information:
Year Built: 2001
Listing Office:
Office Name: Corcoran Group
Office Phone: (212) 355-3550
Listing Agent: R Courtney Hassinger
Agent Phone: (917) 841-9284
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
View: City
Exterior: Building Courtyard, None
Virtual/3D Tour
Virtual Tour: 1831 Madison Ave Unit 7L
Virtual Tour
Price Information
Listing Price Info
Price Summary:
List Price: $615,000
HOA Fees:
Amount: $1065
Frequency: Monthly
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
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: 5/4/2024, 10:20:35 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,202
Per Month
Principal & Interest
$3,070
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,065
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,910
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
PS 242 The Young Diplomats Magnet Academy
134 W 122nd St
Distance between this listing and this school0.39 miles
Public Magnet Grades PK-5
3
/10
Mosaic Preparatory Academy
141 E 111th St
Distance between this listing and this school0.43 miles
Public District Grades PK-5
8
/10
Sisulu-Walker Charter School of Harlem
125 W 115th St
Distance between this listing and this school0.43 miles
Public Charter Grades KG-5
Nearby Schools
7
/10
Harlem Success Academy Charter School
34 West 118th St2nd Fl
Distance between this listing and this school0.20 miles
Public Charter Grades KG-8
4
/10
PS 7 Samuel Stern
160 E 120th St
Distance between this listing and this school0.22 miles
Public District Grades PK-8
4
/10
PS 149 Sojourner Truth
41 W 117th St
Distance between this listing and this school0.27 miles
Public District Grades PK-8
Nearby Schools
1
/10
Urban Assembly School For Global Commerce
2005 Madison Ave
Distance between this listing and this school0.41 miles
Public District Grades 9-9
1
/10
Harlem Renaissance High School
22 E 128th St
Distance between this listing and this school0.42 miles
Public District Grades 9-12
3
/10
Coalition School For Social Change
2351 1st Ave
Distance between this listing and this school0.52 miles
The neighbors living near this home have an average income of $59,041. The most common annual income of people living in New York, NY is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1831 Madison Ave Unit 7L
What is the listing price of this property?
The listing price of 1831 Madison Ave Unit 7L property is $615,000.
What type of property is this?
The property 1831 Madison Ave Unit 7L is a condo located in New York City, New York, 10035.
Is this property for sale now?
Active Listing: 1831 Madison Ave Unit 7L is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 1831 Madison Ave Unit 7L has 2 bedrooms and 2 bathrooms.
Which year was this property built?
The year of construction for 1831 Madison Ave Unit 7L is 2001.
This home is located at 1831 Madison Ave Unit 7L in New York City, NY and zip code 10035 in the East Harlem neighborhood. This home was built in 2001. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 19, 2023 and is currently priced at $615,000.
New York, NY housing market in April 2024 saw over 168 listings sold above listed price, more than 758 sold at listed price and over 748 sold below. In April 2024 in New York, NY there were 3.8% more homes for sale than in March 2024. Listings spent 96 days on the market in April 2024, and had a median list price of $849,191 during the same period.
From Rocket Homes Real Estate and based on county public records data.