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Luxurious 1 Bedroom
from $204,500 |
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Luxurious 2 Bedrooms
from $229,000
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Luxurious 2 Bedroom Duplex
from
$279,000
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Would you like more information on these 1 of a kind Affordable Condos?
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Building Information
New construction condominiums for sale in the Williamsbridge
section of the North Bronx. Spacious 2 or 1 bedroom; 1 bath with
shiny new hardwood floors throughout. Kitchen comes with stainless
steel appliances and solid wood cabinets. These well designed condos
feature plenty of closets and an outdoor patio. There is
a laundry room in the basement. 15 year tax abatement. Easy access to the Bronx River Parkway, New England Throughway and Montifiore Hospital.Neighborhood Information
Williamsbridge is a working class neighborhood geographically
located in the northeast Bronx borough of New York City. The
neighborhood is part of Bronx Community Board 12. Its boundaries,
starting from the north and moving clockwise are: East 222nd Street
to the north, Boston Road to the east, East Gun Hill Road to the
south, and the Bronx River to the west. White Plains Road is the
primary thoroughfare through Williamsbridge. The local subway is the
2 line, operating along White Plains Road. Zip codes include 10466.
10467, and 10469. -courtesy of wikipedia
Transit Information
30 minutes to Manhattan. 2 & 5 trains are nearby. |
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The 710 East 220th
Street Condominium
Offering
| Unit # |
Sq Feet |
Type |
Price |
Maintenance |
Taxes |
Status |
| 1A |
1344.73 |
2 Bedroom Duplex |
$279,000 |
$382.61 |
$57 |
Just Listed |
| 1B |
644.28 |
1 Bedroom |
$204,500 |
$183.13 |
$27 |
Just Listed |
| 2A |
806.74 |
2 Bedroom |
$229,000 |
$229.54 |
$34 |
Just Listed |
| 2B |
806.74 |
2 Bedroom |
$245,900 |
$229.54 |
$34 |
Just Listed |
| 3A |
806.74 |
2 Bedroom |
$249,900 |
$229.54 |
$34 |
Just Listed |
| 3B |
806.74 |
2 Bedroom |
$254,900 |
$229.54 |
$34 |
Just Listed |
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Want more information?
Would you like to schedule a personalized showing?
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Open House Schedule
| Day |
Time |
| Saturday |
11:30AM to 3 PM |
| Sunday |
12 Noon to 2 PM |
Brokers Protected and Welcomed
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Rent vs. Own
Comparison
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2
Bedroom Rental vs. 2 Bedroom Condo |
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Rent |
Own |
$1400 - $1600 per month for 800 square foot apartment in
the Bronx w/ hardwood floors, real wood cabinets + other cool
features that The 710 East 220th Street Condominium offers (click to
craigslist to see if you can find one).
Tax Deduction: $0
Appreciation: $0
Pride of Ownership: N/A |
Mortgage Payment: $1320.58*
Common Charges: $229.54
Taxes: $34*
Monthly Out of Pocket: $1584.12* Deductible |
Federal Tax Bracket: 25%
State Tax Bracket: 6.85%
City Tax Bracket: 3.65%
Total Tax Bracket: 35.5%Yearly Tax Savings: $4433
Monthly Tax Savings: $369 |
| Monthly Cost of Renting: $1400 (at least) |
Net Monthly Cost of Ownership: $1215.12 |
| Assumptions: First you will have to find an
apartment. 232nd Street Condo is not for rent. You will have to post 1 or 2 months
security plus your first month's rent plus a broker's fee. Then you get to sit back
while your greedy landlord gets all the benefit of tax deductions.
The only thing that appreciates when you are a renter is your
rent. In 2006 rent guidelines allowed increases between 2.25% and
5.5% of total rent per year. |
Assumptions: Purchase
Price of $245,900
plus $7,000 sellers concession to help cover your closing costs. 3.5% Down
Payment ($8,852). Mortgage amount of $244,048 @ 4.875% 30 year fixed,
principal & interest payments. 2009 Federal Tax Bracket of 25%
includes single taxpayers earning between 31,850 and 77,100 and
married taxpayers earning between 63,700 and 128,500. Consult your tax advisor and
mortgage professional to verify these assumptions. |
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MONTHLY SAVINGS BY OWNING A 2 BEDROOM CONDO
AT The 710 East 220th Street Condominium: $184.88 |
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THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM
SPONSOR. FILE NO. CD090202. Project: The 710 East 220th Street
Condominium, 710 East 220th Street, Bronx, New York. Sponsor: 220 St,
Corp.,
15 Cuttermill Road, Ste 115, Great Neck,· NY 11021. |
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