Tuesday, August 16, 2011

BoogieDowner Real Estate: Two Bedroom Co-op in Riverdale only $165,000

(Living room with window overlooking park)

Recent pressures from the economy and bank lending anomalies have driven Bronx real estate and co-op prices down, creating very reasonable purchasing opportunities. Even “Blue Chip” Bronx communities like Riverdale have been affected. With deflated prices, consumer confidence and interest rates at record low levels, the next few months should be turbulent, but busy. A recent co-op listing of mine at 6601 Broadway is a prime example. Past comparables for similar units sold for well above $200,000 at the height of the market. The very firm asking price of $165,000 makes for a GREAT purchase.

Here is the skinny on the co-op and the OPEN HOUSE I am having for the unit this Saturday.

Saturday, August 20th
10am to 12 noon

Two Bedroom One bath co-op asking $165,000
Maintenance: $781
Included in Maintenance: Heat, Hot Water, Real Estate Taxes AND GAS!!!
Square Feet: 1,014
Pet Friendly: Yes
Garage: Yes – Wait list $150 per month
Empire MLS #3125395

MLS Description:
“Spacious, sunny 1,014 sq. ft. 2 bedroom unit in Riverdale selling below comparables. Top floor unit facing beautiful Van Courtlandt Park. Well managed elevator building with high owner occupancy and strong financials. Minutes to Manhattan via the #1 subway and various bus lines. Both bedrooms are large with plenty of closet space! Parking garage, laundry room on premises and pet friendly. Live in super and porter. Maintenance includes gas! Great opportunity to live in one of NYC most desired neighborhoods.”

Here are the calculation as well using a 4.5% percent interest rate and 20% down at the full asking of $165,000.

Purchase Price: $165,000
20 % down ($33,000)

Mortgage amount $132,000

Monthly Mortgage at 4.5%: $669
Maintenance inclusive of gas: $781

Total: $1,450

If interested please do pass by on Saturday between 10am to 12 noon or call for additional information.

Gregory Tsougranis
Century 21 Metro-Star
Associate Broker
2017 Williamsbridge Road
Bronx, NY 10461
Cell # (845) 304-5745
Office # (718) 794-5745
e-mail: boogiedowner@gmail.com or bronxrealestate@yahoo.com


(Master Bedroom)

(second bedroom)

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