Apartment Price Chop
513 W 135th Street
From time to time I search for apartment listings in the area. Much of what is available is still frustratingly out of reach. Via Streeteasy.com I saw that this HDFC unit came down $20K in price to a seemingly reasonable $269K. I’ve seen units in the building before and the renovations are decent, but the configuration is a bit awkward at 600sf… and it’s a walk-up, and there are no trees on this part of 135th Street, so the block could use some improvements. The washer/dryer in the apartment helps, and you have to start somewhere, right? HDFC buildings have income and sale restrictions, so do your homework. With 20% down the mortgage is only about $14-1500 a month.
Keep in mind this apartment is very close to City College, the future expanded Columbia Campus and the up-and-coming ‘Viaduct Valley‘.
513 W. 135th St - Streeteasy.com
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Not a bad deal…the income restrictions are a bit of a downer, but I think that the website calculated it wrong. Its usually 1.5x the median income of Manhattan for single owners. 4th floor walkup…that’s a bit of a beeyatch. Where’s the floorplan and what’s the maintenance? Two must knows before considering.