Co-op, 118 W 123RD Street #53, Central Harlem South - Real Estate New York

Description

The Victory Renaissance (118-122 W 123rd St) is a fully renovated pre-war HDFC co-op, squarely in the middle of everything that is happening in Harlem today! A quick walk will take you to Whole Foods and the 2/3 subway stop, with Trader Joe's, the Red Rooster and more additional highly-rated restaurants than you could shake a spatula at only a few blocks away! Not to mention the Magic Johnson Cinemas and the legendary Apollo Theater, along with both national store chains and one-of-a-kind boutiques side-by-side, along with historic Marcus Garvey Park, complete with playing fields, the historic Watchtower Hill, and a public swimming pool! With, of course, easy access to Central Park and the rest of the city... a quick swipe of your OMNI pass away!

Apartment 5-3 is one of only four apartments on the fifth floor. It has been newly and completely renovated, with new, never-used kitchen appliances, refinished floors, and a renovated windowed bathroom. The kitchen and living room look out to a beautiful community garden (with gardening plots available) next door to the east. The primary bedroom and the second bedroom look north to the street and sky, with the third bedroom facing south. 3 exposures in all, with lots of light and a variety of views... and an in-building laundry room an elevator ride downstairs.

Due to its status as an HDFC co-op (complete with a lower real estate tax burden than "regular co-ops", and, hence, a lower maintenance charge), potential purchasers at the Victory Renaissance will need to comply with the 2025 120% AMI income caps ($174,960 for a "three-person family," for example), make a 20% down payment, and use the co-op as their primary residence. Which,given the verdict of the many long-term residents of the co-op, would be one of the best decisions a person could make!

Please check in to ask any unanswered questions, including - when's the best time to come and take a look! Note: your bank's lending officer will be delighted at the strong financials of the building - with a number of major banks working with incentivizing programs for the neighborhood.
Listing courtesy of Brown Harris Stevens Residential Sales LLC ...
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