350 west 48th street unit 4-e for $600,000

ADDRESS...........350 West 48th street
NEIGHBORHOOD.....hell’s kitchen
                                 
PRICE....................$600,000
MAINTENANCE......$700/MO

BEDROOMS................1
BATHROOMS..............1
SQUARE FEET..............800

NOTES

  • HDFC COOPERATIVE

  • 4th FLOOR WALK-UP (3 FLIGHTS)

INCOME LIMITS
This is an HDFC cooperative with income restrictions- purchaser can not have made more than the below amounts per two most recent filed tax returns. The income limit is only for incoming purchasers- there are no asset limits, future income limits for you as a shareholder, and no restrictions on future sale prices.

Family of 1 or 2- $67,680
Family of 3+- $78,960

APARTMENT
This approximately 800sf cooperative 1-bedroom + home office/nursery and 1-bathroom HDFC cooperative in Hell’s Kitchen has been updated over the years while still maintaining original touches of character that are rarely seen in apartments coming to market.

The apartment located on the 4th floor of a pre-war, walk-up building features North and South facing windows allowing every room in the apartment to have natural light. The apartment has maintained it’s original floorplan which could easily be converted into a true 2-bedroom apartment.

There is a natural flow to the apartment with separate living, dining, bedroom(s), walk-in closet, and office space all of which are accentuated by the apartment’s 10ft ceilings.

The kitchen has been updated with stainless steel appliances, granite countertop, washer/dryer, and pine cabinets; the kitchen also has wonderful, Southern skyline views.

The apartment has kept original pine closets, hardwood flooring, and French doors but should the new owner want to renovate there is the potential to expose brick and, possibly, two decorative fireplaces.

BUILDING
This HDFC cooperative consists of two buildings (348-350 West 48th Street) totaling 20 apartments. The building has strong financials and there are no issues with financing or providing paperwork.

This apartment must be used as the owner’s primary residence. Parents buying for their children and gifting allowed but is done so with approval from both the co-op board and building management. Sublets and dishwashers are allowed upon board approval. Pet friendly.

The building is a 5min walk from the ACE Train on 50th Street and 7min walk to the 1 Train on 50th/Broadway all while being surrounded by Manhattan’s most desirable restaurants, theatres, and parks (Hudson Yards, High Line, Hudson River Park, and Central Park).