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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."
The lights don’t truly go out in Flatiron so if you’re looking to take advantage of the central location, the proximity to Union Square and the bustle of Fifth Avenue, this co-op, 7 East 14th St., #21F, on the 21st floor gives you the convenience of a full-service building plus a nicely proportioned south-facing corner unit with a foyer, dining area and lots of closet space.
This one bedroom is on the market for $1,150,000, which is below the current median sales price of $1,399,000 for similar sized units in the area. However, it is priced above the last one-bedroom unit to sell in the building, which changed hands for $790,000 at the end of last year.
The layout of the unit circles round from the foyer through the living and dining room then to the kitchen, bathroom and finally the bedroom. The hardwood flooring is new, as is the base molding, and custom radiator covers.
Basket-weave marble floor tiles are accented by subway wall tiles in the bathroom. There's storage in both the vanity and the mirrored medicine cabinet.
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