159 Madison Avenue #10D

Very bright airy space, high ceilings over 10', hard wood floors, oversized windows and a corner unit make this an urban oasis. The downtown loft feel, renovated bathroom, open kitchen, recessed Lutron lighting system and solid wood full height doors are all features any buyer will appreciate. Renovated in 2009 the walls are skim coated plaster( not just sheet rock ) and new wall through ACs in each room. Based on the 38.5% Tax bracket and the 65% TD of the buiding the apartment cost per month would approximately be: If a cash purchase Net Monthly Cost of Ownership: $1,629 - $408 = $1,221, if financing with 20% down Net Monthly Cost of Ownership: $4,108 - $1,074 = $3,034 Incentive-Owner will give $12K towards maint to buyer. This Madison Avenue Coop, located just blocks from Madison Square Park, amazing restaurants and access to all major transportation from subways, to Penn Station and Grand Central Station. The building was a former factory that was converted to a coop in the early 1980s. For more information on the building please visit- www.159mad.com. Building Amenities: Live-in Super, 24-Hour Doorman, laundry located on every floor, pet friendly and common roof deck. Co-Purchasing is allowed and pied-a-terres are welcome. Sublet Policy: Must live in Building 2 years then can sublet for 3 years. Cycle repeats itself. The neighborhood is alive and emerging as a new hot spot. Neighborhood info: www.nytimes.com/2012/05/13/realestate/madison-square-park-living-around-a-square-comes-full-circle.html?pagewanted=all .Building Info: www.159mad.com