$259,000
●
Co-op -
Off Market
408 W 25th St #3RE
Manhattan, NY 10001
Studio
1 Bath
$1,772
Estimated Monthly
$500
HOA / Fees
14.34%
Cap Rate
About This Property
***Open House By Appointment Only***
***Prospective Buyers MUST email 24-Hours in advance requesting a time for Sunday OH***
***Brokers You Must Register Your Clients 24-Hours in advance***
Just when you think you've seen it all. Along comes this undiscovered gem right in the heart of Chelsea. After 25-years, the owners are finally allowed to sell these fantastic apartments. The question you have to ask, is whether or not you will take advantage of this once in a lifetime opportunity.
Bring your contractor so they can transform this raw canvas into your next home. The building is very well maintained and comes with exceptional bones.
Keep in mind that income restrictions apply as this is an HDFC building. Maximum income for the primary resident and shareholder is capped at $46,800. Hence the extremely low maintenance charges - and extremely low price!
Parents buying for children is allowed. Gifting is allowed. Pets are allowed.
Pied a terre is not allowed. Sublets are not allowed. Corporate Ownership is not allowed.
Financing is available through Citibank for those who qualify. We worked for over a year to get approval for the building, so plan on financing with Citi for your purchase as every other lender we approached would not work with an HDFC building.
Contact us directly if you have any questions.
See you at the Open House!
***Prospective Buyers MUST email 24-Hours in advance requesting a time for Sunday OH***
***Brokers You Must Register Your Clients 24-Hours in advance***
Just when you think you've seen it all. Along comes this undiscovered gem right in the heart of Chelsea. After 25-years, the owners are finally allowed to sell these fantastic apartments. The question you have to ask, is whether or not you will take advantage of this once in a lifetime opportunity.
Bring your contractor so they can transform this raw canvas into your next home. The building is very well maintained and comes with exceptional bones.
Keep in mind that income restrictions apply as this is an HDFC building. Maximum income for the primary resident and shareholder is capped at $46,800. Hence the extremely low maintenance charges - and extremely low price!
Parents buying for children is allowed. Gifting is allowed. Pets are allowed.
Pied a terre is not allowed. Sublets are not allowed. Corporate Ownership is not allowed.
Financing is available through Citibank for those who qualify. We worked for over a year to get approval for the building, so plan on financing with Citi for your purchase as every other lender we approached would not work with an HDFC building.
Contact us directly if you have any questions.
See you at the Open House!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$500
Year Built
1910
Last updated: 5 months ago ( #RLMX-0050427348)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 8, 2014 | Sold to Louis Cholden Brown | $259,000 | |
Sold to Louis Cholden Brown | |||
Aug 21, 2014 | Listed by Halstead dba Brown Harris Stevens Residential Sales LLC | $259,000 | |
Listed by Halstead dba Brown Harris Stevens Residential Sales LLC | |||
|
|||
Rare opportunity for an affordable one bedroom in Chelsea. Low
price and low maintenance.
IMPORTANT: This is an HDFC co-op with restrictions for income,
resale and subletting. Total household income cannot exceed
approximately $50,000 per year at the time of purchase. Buyer must
put down a minimum 50% of the purchase price. All cash welcome. The
co-op does not require considerable liquid assets after closing.
Gifting is allowed. Must be your primary residence. No investors or
pieds a…
|
|||
Feb 17, 2014 | Listed by Spire Group Inc. | $259,000 | |
Listed by Spire Group Inc. |
Property Highlights
Air Conditioning
Interior Details
Room Information
Rooms: 3
Exterior Details
Property Information
Property Condition: Fair
PropertySubType: Apartment
Financial Details
Flip Tax Remarks: ASK EXCL BROKER
Flip Tax Type: Percent
Tax Deduction Remarks: ASK EXCL BROKER
Utilities Details
Cooling Type: Window Units
Location Details
Association Fee: $500
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
1
Bed
1
Bath
-
$269,000
May 10, 2017
$269,000
Nov 28, 2017
$550/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/19/2022
|
Studio
|
1 Bath
|
-
|
$350,000
Studio
1 Bath
|
$426,500
+21.86%
01/17/2023
|
Joshua Rubin
Douglas Elliman Real Estate
|
||
07/08/2021
|
1 Bed
|
2 Bath
|
-
|
$299,000
1 Bed
2 Bath
|
$299,000
11/01/2021
|
Vanessa Villanova
Corcoran Group
|
||
09/15/2020
|
Studio
|
1 Bath
|
-
|
$360,000
Studio
1 Bath
|
$294,000
-18.33%
08/04/2014
|
-
|
Elizabeth Butler
Compass
|
|
01/16/2020
|
1 Bed
|
1 Bath
|
-
|
$450,000
1 Bed
1 Bath
|
$365,000
-18.89%
10/25/2021
|
-
|
Pamela Wolfe
The Corcoran Group
|
|
05/10/2017
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
$269,000
11/28/2017
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
01/05/2017
|
Studio
|
1 Bath
|
-
|
$299,000
Studio
1 Bath
|
$265,000
-11.37%
08/19/2019
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
05/16/2016
|
Studio
|
1 Bath
|
-
|
$289,000
Studio
1 Bath
|
$289,000
10/31/2016
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
01/06/2015
|
Studio
|
1 Bath
|
-
|
$280,000
Studio
1 Bath
|
$280,000
11/02/2015
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
10/08/2014
|
Studio
|
1 Bath
|
-
|
$282,000
Studio
1 Bath
|
-
05/04/2015
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
08/21/2014
|
1 Bed
|
1 Bath
|
-
|
$259,000
1 Bed
1 Bath
|
$259,000
02/05/2021
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
02/17/2014
|
Studio
|
1 Bath
|
-
|
$299,000
Studio
1 Bath
|
-
-
|
-
|
John Jourden
Spire Group Inc
|
|
02/17/2014
|
Studio
|
1 Bath
|
-
|
$259,000
Studio
1 Bath
|
-
12/08/2014
|
John Jourden
Spire Group Inc.
|
||
01/21/2014
|
Studio
|
1 Bath
|
450 ft²
|
$249,000
Studio
1 Bath
450 ft²
|
$225,000
-9.64%
11/17/2014
|
Bruce Solomon
Elliman
|
||
10/17/2013
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
$319,000
+6.69%
04/14/2014
|
Lawrence Schier
Corcoran Group
|
||
06/28/2013
|
Studio
|
1 Bath
|
-
|
$294,000
Studio
1 Bath
|
$294,000
08/04/2014
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|