Excellent opportunity to buy studio in 24/7 doorman building with no financing limits. No Board approval. Layout allows for several different furniture arrangements. Sleeping alcove has east-facing window for good morning sunlight.Very low net after tax ownership cost because maintenance is about 45% tax deductible. Building has long term ground lease, which serves to lower the asking price and the downpayment. For example, with a $90,000 downpayment, and assuming a 4% mortgage, and assuming that the buyer is in a combined tax bracket of 35%, the net after tax cost is projected to be about $1,800 per month -- less than monthly rent for a comparable rental unit. Tell your CPA to run the numbers for you, as this sample calculation may not apply to your particular circumstances. But you get the concept...this is an economical choice for a Manhattan doorman building in the 10021 zipcode.There is no private outdoor space, but the owner may enjoy the roof deck. Free gym open 24/7 also. Garage in building.Assessment Note: The Board mailed a letter dated June 6, 2013 which announced an assessment for capital work effective August 1, 2013. Shareholders have the option to pay this in a lump sum on August 1, 2013 at a discount, or to pay this over 12, 24, or 36 months with an interest charge.
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