This chic and affordable Harlem co-op, asking $512K, has just one catch

This is quite the appealing one-bedroom, one-bathroom apartment, located on the first floor of the Harlem cooperative 1919 Madison Avenue. And it’s asking $512,000, a reasonable price for NYC real estate. There is, however, a catch behind that asking price. This is an HDFC apartment, meaning that to qualify to buy it you may need to make less—rather than more—money. (Such tight income restrictions have kept hundreds of HDFCs empty around the city.) Still, the apartment value has seen a boost in recent years, as it last sold in 2013 for $140,000.

The loft-like apartment boasts high ceilings and oak flooring. Since the last purchase, it’s been renovated with a built-in entertainment wall unit that flanks the north side of the main living space. On top of all that bonus storage, the space was finished off with some stylish decor.

The open kitchen got its own upgrades, in the form of white quartz countertops, modern lighting and stainless steel appliances that include a dishwasher and microwave.

The bedroom fits a queen-sized bed, with enough space to section off a work space or second sleeping area.

The bathroom, too, was upgraded in the renovation.

Located on the first floor of the building, there’s a door from the living room that leads you to a private patio. Windows along the living room and bedroom look out to this outdoor space.

1919 Madison is a low-rise elevator co-op located across the street from Mount Morris Park. Building amenities include 24-hour security, ground floor central laundry, newly updated common hallways, recreation and play rooms, on site parking, storage, a bike room, fitness center and common courtyard. Just make sure you qualify to live there first!

[Listing: 1919 Madison Avenue, #101 by Lisa Tregnaghi Garden for Halstead]

RELATED:

• MAP: Where to find NYC’s HDFC apartments, affordable co-ops for low- and middle-income buyers
• Affordable Housing 101: Should I Buy an HDFC Apartment?
• Nearly 900 affordable housing apartments are currently empty

Photos courtesy of Halstead