IN CONTRACT: Very sunny three-bedroom apartment which could be a two bedroom with interconnected dining and living rooms, both with bay windows-in a beautifully restored HDFC elevator building with tight management, good financials and marble lobby, located on 157th Street. The building is just two blocks from hopping Hamilton Heights, and up the street from the 157th Street stop of the #1 train. Great new supermarket 3 blocks away. Quiet but extremely bright because the apartment is 6th floor and almost entirely south-facing. Original wall detailing, period moulding and baseboard still in tact. Laundry located in the building. Yes, you can get a mortgage for this unit. Yes you can sublet for 2 years after living there 2 years. Income restrictions apply: $89,603.28 for 2 or fewer dependents.$104,537.20 for 3 or more dependents. Reasonable flip tax: If you hold the apartment for 5 years or less flip tax is 20% of profit; hold it 5-10 years, flip tax is 12% of profit, and if you stay 10 years or more flip tax is only 8% of profit.
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