Unit 3V Beautiful 2 bed 2 bath coop in St. George. NY Harbor and skyline views from all windows - living room, dining room and both bedrooms. Recently renovated bathrooms and galley kitchen with new appliances. Building is 15 minute walk to ferry, or jump on bus (S40/S44) at the bus stop in front of building and be there in 5 minutes. Taxes, heat, gas, and water included in monthly maintenance. Pay your own electrical at a discounted commercial rate. Storage units available on the ground floor for only $10/mth. New elevators, new laundry room, new roof with solar panels, renovated lobby, free bicycle parking on ground floor, and package room so you can retrieve your deliveries whenever you want. Building finances are solid. No subletting or dogs allowed. Plenty of on street parking available in the area. Indoor and outdoor on site parking spaces available for an additional fee. Appx 40% of maintenance fees are tax deductible. 15% minimum down payment required and monthly mortgage and maintenance cannot exceed 30% of your gross income. Overall great building to live and invest in. As an example - with a purchase price of $325,000 you would need to put down a minimum of 15% ($48,750). Taking a mortgage of $276,250 @ 3.7% = a monthly mortgage payment of $1,272 plus the maintenance of $795 = $2,067/month. This cannot exceed 30% of your gross income. So you must gross AT LEAST $6,890/mth to be eligible (Minimum Gross income of $82,680/year). Additional purchaser expenses such as car payments or credit card debt are also viewed when the COOP Board makes a decision on a purchaser. Viewing of the unit will be by appointment only. Anyone wishing to view the unit must be able to prove income requirements.
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