Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."
This co-op doesn’t fall into the freshly renovated category, but has a nicely proportioned layout with windows in every room, a pretty sizable living room and it's in one of the Upper West Side’s most prominent Beaux-Arts buildings, The Manhasset. Plus, it’s just a block from Riverside Park.
301 West 108th St., #5C, is one of 124 units in the distinctive limestone and orange brick building that stretches an entire Broadway block between 108th and 109th streets. It's at the upper edge of UWS where the neighborhood meets Morningside and the price, $679,000, sits somewhere between the median for similar apartments in both areas; $833,000 on the UWS and $538,000 in Morningside.
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The kitchen doesn't boast top-of-the-range appliances and the cabinetry is outdated, but it does have a dishwasher and a backsplash of classic subway tile. It looks like there's just enough space in the room for some customization, like a rolling butcher's block or even a slim side table, while you debate the pros and cons of a kitchen remodel.
The vanity and toilet in the bathroom appear to have been upgraded but the tile work has the retro look of the '50s or '60s.
The unit has hardwood flooring and close to 9-foot-high ceilings. The windows in the living room face southeast and you can see the trees on Broadway. Less can be said about the view from the bedroom. At least it'll likely be quiet.
There's no washer/dryer in the unit but there's a laundry room in the building. There's also a live-in super, two elevators and two bike rooms.
The closest subway is the 1, with B and C stops nearby. There’s an open house by appointment this coming Sunday, November 18th, between 1.30 p.m. and 3 p.m..
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