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116 Cambridge Place #2A
Coop in Clinton Hill •  building info
2bd • 1ba
Sold price

$375,000

Key Details
Days on market
417
Last price change
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Estimated payment
$2,152
Monthly taxes
N/A
Monthly maintenance
$509
Description
Situated in the landmark of the Clinton Hill historic district, this 2nd floor walk up fixer-upper opportunity on tree-lined Cambridge Place is configured as 2 bedrooms, a windowed eat-in kitchen, a windowed living room and a full windowed bathroom. The apartment boasts 9'6" inch ceilings and east & west exposures. One washer & one dryer is allowed. Heat and water are included in the monthly maintenance. 0% of the monthly maintenance is tax deductible. No more than 2 medium size pets allowed. Prospective purchasers cannot own real estate elsewhere and purchase in the building. Must be a primary residence. Subletting is allowed for up to 2 years with board approval after 5 years of residency. Bank financing is available. 90% financing is allowed. The building has 40 apartments, is well maintained, offers a live-in super, security cameras, a common backyard for grilling & relaxation in addition to a community room for rent. $10,000 went into repairing the gas boiler in 2019. New front windows and repairs to the roof are planned for 2020. No monthly assessments nor an increase in the monthly maintenance are planned for these improvements. This is an HDFC co-operative.120 percent of AMI (Average Median Income) determines eligibility. Maximum income for a family of one shall not exceed $89,640 family of two $102,480 family of three $115,320. Located around the corner from services along Fulton Ave and just 4 blocks from the Washington Street station for the A & C subway trains.

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Outdoor Space
Garden
History
What it'll cost
Purchase price
$325,000
Asking Price: $325,000
Term
30 Years
Down Payment
$65,000 (20%)
Min: 20% (65,000)
Rate
6.5 %
Mortgage Amount
$260,000
Mortgage Payment
$1,643
Maintenance
$509
Estimated closing cost
$7,000
Total monthly cost $2,152
Listing Courtesy of Douglas Elliman

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