This is a co-operative unit for sale (not a condo). New shareholder will assume proprietary lease and $620 total monthly payment. 3rd floor 1 bed 1.5 bath unit. New kitchen appliances, vinyl flooring and paint. Livingroom features gas fireplace and sliding glass door with entry from both the living room and master bedroom to a private balcony. Master bedroom includes private bath with large tub and walk-in closet. $620 monthly fee includes unit's portion of community loan, taxes, water, sewer, trash, and common area maintenance. At time of close, Buyer to pay Seller the calculated difference between the agreed upon sales price of the unit and the balance on the unit's portion of community loan (loan balance approximately $24,684 as of 1/1/2021). Buyer to pay Seller the difference between the agreed upon sales price of the unit and the blanket mortgage assumption (mortgage balance approximately $26,410 as of July 2019). Buyer responsible for $350 co-op application fee. The sale is contingent upon the Board's approval of Buyer's application. Buyer to pay $500 attorney closing fee at closing.
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