Fabulous UWS One-Bedroom for $217K, with a Catch
Wouldn’t it be fantastic to purchase this one-bedroom, one-bath apartment on 85th between Columbus and Amsterdam for only $217,000? The features include a huge private terrace, an elevator building, a part-time doorman, and 660 square feet. Before you pick up the phone to empty your savings account and run to the realtor, remember, if something sounds too good to be true, it probably is. The apartment recently sold for $217,000 (marked down from $250,000) with one caveat: according to StreetEasy, “this very unique offering is rent-controlled with a tenant in place CAN BE YOURS as an investment, 1031 exchange, a future home or a pied a terre.” $217,000 suddenly sounds like a slightly high price for an apartment that someone is already living in. [Source: Curbed]
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