Open House
Fri May 08, 6:00pm - 7:30pm
UPDATED:
Key Details
Property Type Condo
Sub Type Stock Cooperative
Listing Status Active
Purchase Type For Sale
Subdivision Fisherman'S Wharf
MLS Listing ID 980669
Style Garden
Bedrooms 1
Full Baths 1
HOA Fees $988/mo
HOA Y/N Yes
Rental Info No
Year Built 1978
Property Sub-Type Stock Cooperative
Source onekey2
Property Description
Monthly maintenance fee of $ 988.25 (shown before STAR) is approximately 67% tax deductible and includes all but electric, FIOS or Optimum and a small insurance policy. $1100 application fee + $450 post-closing administrative fee. Enjoy all the amenities this great development has to offer plus its proximity to Babylon Village and all the Village perks. Minimum down payment 15%. Minimum Base Gross Annual Income Required For Board Approval $65,225 if financing; $53,366 if cash purchase. Maximum (approx) 33% debt-to-income ratio. There will be a $2.00 per share special assessment for Sept, Oct, Nov & Dec 2026= $ 364.50/month for each of those 4 months extra on top of regular monthly maintenance fees for upcoming Capital Improvements. Annual STAR benefit for this unit is approximately $934 which should transfer to the new owner and is credited for October, November & December maintenance at $311.33 per month, so the net effect of the special assessment for the new owner for those 4 months will only be $131 per month.
Location
State NY
County Suffolk County
Interior
Interior Features Galley Type Kitchen
Heating Hot Water, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Electric Oven, Refrigerator
Laundry Common Area, Laundry Room, Multiple Locations
Exterior
Parking Features Parking Lot
Pool Community, In Ground
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Amenities Available Basketball Court, Clubhouse, Fitness Center, Gated, Landscaping, Maintenance Grounds, Parking, Pool, Snow Removal, Tennis Court(s), Trash
Total Parking Spaces 2
Garage false
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Babylon Elementary School
Middle Schools Babylon Junior-Senior High School
High Schools Babylon
School District Babylon
Others
Senior Community No
Special Listing Condition None
Pets Allowed Breed Restrictions, Cats OK, Dogs OK, Yes
NEARBY SCHOOLS & PROPERTIES
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Devon Marie Ferdinand
Broker | License ID: 10311209766
Broker License ID: 10311209766