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 one-bedroom, one-bath sponsor co-op, 235 East 87th St., #11B, in Yorkville, is currently on the market for $935,000, after a $60,000 drop from its original asking price of $995,000 back in November.
Located in the Plymouth House, a 12-story building with 139 apartments built in 1962, amenities include a full-time doorman, elevator, bike room, live-in super, roof deck, and garage parking. Monthly maintenance is $2,238, which includes gas and electricity, is fixed at $94.67.
The buyer of apartment #11B will be responsible for paying the transfer taxes. Subletting is permitted after two years of residency.
The chef's kitchen features stainless steel appliances, gloss-white maple wood cabinetry, Caesarstone countertops, porcelain tiled floors, and a ceramic tile backsplash.
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