159 Madison Avenue #12J

Offer Accepted- Showing for back up only. You can own this apartment for less than the cost of renting! 20% Down 65%Tax Deductible. Owners want to close ASAP. Fully renovated open concept space originally a one bedroom apartment converted to a designer loft. Empire State Building Views from unit, located on the top floor . Generous living area with 10'5 ceilings throughout, built ins with a decorative fireplace, hardwood floors and sunny exposures. Over 20 linear feet of closets that are 10' high and outfitted with Elfa closet systems. Just renovated spa like bathroom with white marble floors, subway tiles, glass shower enclosure and all new fixtures, a renovated kitchen with a slate floor, extensive storage in the wood and glass cabinets and stainless steel appliances. With the firm asking of $499,000 the estimated monthly costs based on the 38.5% tax bracket and 65% TD the cost would be: If a cash purchase Net Monthly Cost of Ownership: $1,676 - $419 = $1,257. If financing with 30% down at 4% rate- Net Monthly Cost of Ownership: $3,344 -$867 = $2,477. 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. 65% TAX DED 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.