Address..............…....38 Downing Street
Apartment No....…....3-A (3rd floor walk-up)
Neighborhood...…....West Village, Manhattan

Price....................…...$775,000
Maintenance/mo.….$636/mo

Square Feet....…......790sf
Layout................…....Currently an open loft
Building Type.....…...HDFC Cooperative (walk-up)

INCOME LIMIT This is an HDFC cooperative with income restrictions- purchaser can not have made more than the below amounts in 2018, 2019, or 2020. The income limit is only for incoming purchasers, there are no asset limits or future income limits for shareholders.

Family of 1- $131,340
Family of 2- $150,150
Family of 3- $168,960
Family of 4- $187,605
Family of 5- $202,620

APARTMENT This approximately 790sf cooperative apartment in West Village, Manhattan has been updated over the years while still maintaining original touches of character that are rarely seen in apartments coming to market.

The apartment is located on the 3rd floor of a pre-war walk-up building and features 11 total windows, with three exposures, and overlooks the quiet gardens sandwiched between Downing Street and East Houston.

The unit is currently configured as an open loft but easily transitions to a 1 or 2-bedroom apartment while maintaining ample space for living and dining rooms.

The apartment has a washer/dryer beyond the dressing room in a separate laundry room. Dishwashers are allowed with board approval.

BUILDING
This HDFC cooperative originally consisted of 20 units but over time some units have been combined, including this unit for sale.

The building is located on one of the West Village’s most serene blocks and is a <5 minute walk to the 1/A/C/E train lines. The building has good financials, engaged shareholders that actively maintain the property allowing for consistently low maintenance, and no pending assessments..

This apartment must be used as the owner’s primary residence. Gifting of down payment or purchase price and bank financing are allowed. Dishwashers and pets are allowed upon board approval.

Flip tax of 70% of the profit upon sale is paid by the seller. (Ex. Purchase of $800,000 and Sale of $900,000 is $70,000 flip tax paid back to the building)