Description

Welcome to Washington Heights and this amazing opportunity to own a one-bedroom, one-bathroom HDFC cooperative at 501 West 156th Street, Unit 22. Perfectly situated on the second floor with only one easy flight of stairs, this home offers approximately 450 square feet of bright and efficient living space in a vibrant and historic Manhattan neighborhood. The layout is cozy yet functional, with natural light filling the rooms, making it an ideal home for first-time buyers, city commuters, or anyone looking to enjoy the best of uptown living at an affordable price. Pets are welcome, and financing is easy with no limits on loan-to-value ratios, plus many banks are already familiar with lending in this building. The location is unbeatable, just steps away from the 1 and C trains, giving you quick access to Midtown and Downtown Manhattan, while nearby highways including the Henry Hudson Parkway and the George Washington Bridge make travel in and out of the city simple and convenient. The neighborhood is rich with character, offering a wide variety of supermarkets, local stores, cafes, and restaurants, as well as cultural gems like the world-renowned Hispanic Society Museum & Library located at the end of the block. Residents enjoy being moments from green spaces, lively nightlife, and everything that makes Washington Heights one of the most exciting places to live in the city. Building rules are straightforward, with income restrictions of $98, 940 annually for households of one to two people and $113, 280 annually for households of three or more. The flip tax is paid by the seller—20 percent of profit if sold within two years, 15 percent if sold between two and five years, and 10 percent if sold after five years. Subletting is permitted on a case-by-case basis, and while pied-a-terres are not allowed, this makes for an even stronger community feel. This cooperative blends charm, convenience, and value, creating an unbeatable opportunity to own a piece of New York City in a location that keeps you connected to everything the city has to offer.