Return to Dashboard Next apartment
320 E 42nd St #3204 |Midtown East
$395,000
2 Bedrooms | 2 Bathrooms
Taxes/Maintenance: $2,872
Property type: Coop
Courtesy of The Corcoran Group
INVESTOR OPPORTUNITY in legendary Tudor City co-op 320 East 42nd Street: RENT-STABILIZED tenant in place, so this property is an INVESTOR PURCHASE ONLY SHOWING BY APPOINTMENT ONLY. 320 E. 42nd Street Apartment 3204 is a two bedroom/two bathroom view apartment conveyed with a rent-controlled tenant for investor purchase only, but should be considered for its rarity: on the top floor (only two apartments on this floor) of 320 E. 42nd Street Tudor City, Apartment 3204 has legendary views of the East River, UN and Midtown from north and east exposures. In addition to the protected views, the two bedroom/two bathroom coop unit has prewar details including hardwood floors, beamed ceilings and casement windows. Direct views to the iconic UN buildings, Chrysler Building, multiple water views of the East River and endless sunlight make 320 E. 42nd Street Apartment 3204 in Tudor City the ultimate investor purchase. Woodstock Towers is a landmark prewar coop building with excellent financials, central to all subways, Grand Central and Penn Station with easy access to every part of NYC Gardened backyard and laundry room on main floor lobby level. Near 2 landmark parks both with playground. Pied a terre and co-purchasing allowed. Pet friendly with Heat, Hot Water, and Electric included in maintenance. "Under the existing tax code, when real estate investors generate losses from gradually writing down the value of their properties, a process known as depreciation, they can use some of those losses to offset other taxes. The result is that people can enjoy big tax breaks stemming from only-on-paper losses, even if they enjoy big cash profits in the real world. But the use of those losses was limited by the 2017 tax-cut package. The losses could be used only to shelter the first $500,000 of a wedded couple’s nonbusiness income, such as capital gains from investments. Any leftover losses got rolled over to future years. " -NY Times 3/26/2020 more
AMENITIES

Bike Storage
Elevator
Fitness Center
Garden
Pets Allowed
Pied-A-Terre Allowed
Laundry in Building
Storage
Outdoor Areas
Video Intercom
Washer/Dryer Allowed
Pre-War Building
Full-Time Doorman
Window AC
Full City View
Activate Map
MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $2,872

Total Monthly Payment:
Mortgage Amount $316,000
Term
30 Year Fixed
Rate
%
SIMILAR APARTMENTS