Here is a very reasonable 1 Bedroom co-op I just listed in the Pelham Parkway South section of the Bronx. There is no other 1 bedroom co-op in the neighborhood offered for less.
Interest rates are low and the current economic and banking environment during the last few months has not helped. Qualified buyers can get great deals like this where monthly expenses to own are less than renting with 10% or 20% down. Here are the numbers;
Asking Price: $79,0000
20% down $ 15,800
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Mortgage amount $ 63,200
Monthly mortgage at 4.5% rate = $ 320.23
*Monthly Maintenance $ 713.00
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Monthly mortgage and maintenance $ 1,033.00
**NYC HPD rent for a 1BR were tenant pays for gas and electric only = $ 1,316 as of Oct 1, 2010
(* Monthly maintenance includes heat, hot water and R/E/ taxes)
(**Recent rent stabilized apartment increase not factored in)
Extremely well priced 1 Bedroom co-op in located in the Pelham Parkway section of the Bronx. ONLY $79,000. Pre-war well maintained elevator building. Quick access to city via the #2 and #5 line. Express and City bus stops also conveniently located near by. Pelham Parkway is footsteps away. Great shopping on Lydig Ave as well. Minor cosmetic work needed. Great opportunity to purchase a new home at below market prices. Will not last. High Owner Occupancy.
For more information call m at the following #
Gregory Tsougranis
Associate Broker
Century 21 Metro-Star
2017 Williamsbridge Road
Bronx, NY 10461
Cell # (845) 304-5745
Office # (718) 794-2327
2 comments:
Looks like a dump.
Major, not minor cosmetic work needed. Who would take pics without at least neatening up the place?
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