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Deborah, Other/Just Looking in Harlem, New York, NY

i want to buy a coop or condo in harlem but i only want to spend 200k do you think its possible

Asked by Deborah, Harlem, New York, NY Tue Jan 6, 2009

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A condo will be difficult to say the least, but there are a few coops for sale. Most of them are HDFC buildings with income restrictions. I have two listings with my partner on 530 Manhattan Ave. These are small one bedroom apartments, offered for $130,000.00. One is about to go into contract, the other has obviously a lot of interest but is still available. Income restrictions on those are $64,580.00 for one person, $73,680.00 for two.
Besides ours, there are a few more under $200 K for sale.
2 votes Thank Flag Link Tue Jan 6, 2009
I did a quick search...I found several Condos--not too much choice. Several in a building at 7th Ave & 126th St in a newer conversion and some others on W 135th St.. I then also checked coops and found a lot more.
You need a neighborhood specialist from a reputable firm. Several of the larger firms have offices up there--I noted that Halstead, Corcoran and Douglas Elliman seemed to have the most exclusives in your price range (8 or more each--noone else had more than 3--I would suggest you start with one of them)
They are all REBNY members (Almost all the big ones are) then pick an agent as your partner, you can even check heir bios online as a place to start.
Best of luck to you...it is out there!
0 votes Thank Flag Link Tue Jan 6, 2009
Good Day Deborah,

Finding a co-op in Harlem under $200k should be no poblem. I currently have (2) 2 bedroom appartments within your price range. As Adina has mentioned below, the only barrier you may run into are income restrictions (not exceeding $75k yearly individualy or $100k yearly for a couple). Visit our site below to preview one on Madison and another E131st. I would love the opportunity in assisting you with your investment.

Seiba Cooper
Harlem Homes Realty Inc.
212-961-1313 ext 61
0 votes Thank Flag Link Tue Jan 6, 2009
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