NYC Affordable Condo Living

Sobro Condo, Bronx, NY 1 and 2 Bedroom Condos    
Luxury Condominium Floorplans, Bronx  


SoBro Condo, Bronx Luxury Condo
Bronx, NY


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Artists Rendering


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Building Information
Spectacular 2 Bedroom Condo building on beautiful block in Longwood, Bronx. Each unit features Granite Countertops, Stainless Steel Appliances, Cherry Cabinets, Hardwood Floors, Ceiling Fans, Video Intercoms and more. Cheaper than renting!

Neighborhood Information
Physically situated at the borders of up and coming neighborhoods Mott Haven, Melrose and Hunts Point, the building is on a great block with Middle School 302 within a half block of the building, and a park on each side of the building. P.S. 62 is within 2 blocks. P.S. 161 and P.S. 130 are 3 blocks away.  Recently, the South Bronx has become a great alternative to Harlem properties that have increased substantially in the past 5 years. Here’s what Barbara Corcoran recently said on the internet about the South Bronx:

"The South Bronx is the last housing frontier close to New York City. It lost 57 percent of its population in the 1970s; now people are coming back. Most importantly, it's attracting creative energy -- artists and musicians are moving there -- which can really revitalize an area."

Transit Information
15 minutes to Manhattan. 6 blocks from 6 Train. 4 blocks to 2 and 5 trains. 4 blocks to BX17 and BX4 Bus. 6 blocks to BX19 bus.

SoBro Condo Video Walk Through

 

Sobro Condominium Offering
Unit # Sq Feet Type Price Maintenance Taxes Status
1A 595 1 Bedroom   $293.65 $47.83 SOLD
1B 727 2 Bedroom   $318.12 $51.82 SOLD
2A 659 2 Bedroom   $293.65 $47.83 SOLD
2B 727 2 Bedroom   $318.12 $51.82 SOLD
3A 659 2 Bedroom   $293.65 $47.83 SOLD
3B 727 2 Bedroom   $318.12 $51.82 SOLD
4A 659 2 Bedroom   $293.65 $47.83 SOLD
4B 727 2 Bedroom   $318.12 $51.82 SOLD
 

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Open House Schedule
Day Time
None Scheduled Call us for an appointment anytime!
Brokers Protected and Welcomed
 

Rent vs. Own Comparison

2 Bedroom Rental vs. 2 Bedroom Condo

Rent

Own

$1400 - $1600 per month for 700 square foot apartment in the Bronx w/ granite, hardwood, cherry cabinets + other cool features that Sobro Condominium offers (click to craigslist to see if you can find one).

Tax Deduction: $0
Appreciation: $0
Pride of Ownership: N/A
Mortgage Payment: $1092*
Common Charges: $293.65
Taxes: $47.83*

Monthly Out of Pocket: $1433.48

* Deductible

Federal Tax Bracket: 25%
State Tax Bracket: 6.85%
City Tax Bracket: 3.65%
Total Tax Bracket: 35.5%

Yearly Tax Savings: $4855
Monthly Tax Savings: $404

Monthly Cost of Renting: $1400 (at least) Net Monthly Cost of Ownership: $1029.48
Assumptions: First you will have to find an apartment. Sobro Condominium 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 $217,000 plus 6% sellers concession to help cover your closing costs. 5% Down Payment ($11,501). Mortgage amount of $218,519 @ 6.0% 30 year fixed, 10 year interest only period. 2007 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.

MONTHLY SAVINGS BY OWNING A 2 BEDROOM CONDO AT SOBRO CONDOMINIUM: $370

 


THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CP07-0184. Project: SoBro Condominium, Bronx, New York. Sponsor: Copo Management, LLC, 3361C East Tremont Avenue, Bronx, NY 10461.
 

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Artists renderings are for illustration purposes only. Finished product may vary due to developer's discretion.
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