450 W 55th St APT 5FW, New York, NY 10019

Overview

Cozy one-bedroom HDFC co-op apartment for sale in diverse, historic, multi-ethnic, and LGBTQ friendly Hells Kitchen just a few short blocks to iconic Central Park, Columbus Circle, Times Square/Theatre District, Restaurant Row, Whole Foods, Mt. Sinai Hospital, Fordham Law School, Planet Fitness, Hudson River Park, 9th and 10th Ave restaurants, cafes, bodegas, delis, shopping, nightlife, and more. Easy access to public transportation. Walk Score® 100 (Walkers Paradise). Transit Score® 100 (Rider’s Paradise). Check out https://w42st.com for all the latest news and happenings in the neighbourhood. Apartment and location well-suited for any and all. No dark, long and skinny, ground floor apartment here…the space is a bright, well-proportioned, quiet, and private top (5th) floor walk-up unit with high ceilings, hardwood floors, a street view, air conditioning, ceiling fans, warm wooden doors and sills throughout the apartment. full bath, and a modern kitchen with a quartzite countertop, Kohler stainless steel sink, and a gas range/oven. Adjacent breezeway gives perpetual breeze and fresh outside air if windows are opened. Window treatment, air conditioning, and ceiling fans included. Spectrum is the main Wi Fi provider, but bldg and apt are also Verizon FIOS ready (lightning fast). The bedroom fits a queen-size bed and accent-table. Unit is currently semi-furnished, but turnkey/move-in ready as is. Can leave most furnishings at no cost, such as Zinus queen solid wood platform bed frame, window treatments, shower curtain/rod, towels, small butcher block kitchen table/chairs, cutlery, dishware, cooking utensils, etc., but up to purchaser. All in mint condition. The building has 20-units, is of pre-war construction, five stories, non-smoking, well maintained, professionally managed, and with long-term owners/tenants. It also has a newly installed, smart video-intercom system for safety, double door vestibule, small, but well-manicured private garden area with bicycle storage, live-in superintendent, individual storage lockers, modern, commercial grade laundry facilities in the basement, and safe and secure package delivery. VERY low monthly maintenance fees of $345/mo (almost free), includes gas, water, heat, taxes, insurance, garbage removal, etc. Owner pays only electricity and Wi Fi (both low). As property is an HDFC, the above monthly fees are very low, but the tradeoff is that income restrictions apply...approximately $163K/yr for one person and $186k/yr for two (165% AMI). Also as an HDFC, the building has sublet restrictions and a flip tax (both typical for HDFCs), but these provisions keep the building, tenants, and community stable, as well as the coffers filled, which is what homeowners want. If this is going to be your primary residence, these covenants won’t be an issue. Finally, application times can be fairly lengthy as there is both the board and the management company (Veritas) involved in the approval process (its a close-knit community). Application fees apply. So, one will have to be a very serious, committed, and patient buyer to make this work, but to have a gem like this in such a great location in Hells Kitchen, it will be very well worth it. Flexible on timing. Cash buyers welcome. Buyer pays own fees and comm. Please call with any questions. Serious potential purchasers only. Viewings can be set up with potential purchasers by phone appointment. Thank you.