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Bronxville Terrace Coop
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Westchester Cooperative Apartment Living At Its Best!
Bronxville Terrace Coop OUR 75th ANNIVERSARY!
1440-1468-1470 Midland Avenue 1928-2003
Bronxville, New York 10708
Classic Luxury Pre-War Residences
Welcome To Bronxville Terrace!
Bronxville Terrace Coops are located in the Bronxville PO section of the City of Yonkers, and within walking distance of the Fleetwood section of Mount Vernon. We are a quick walk to Metro North, and shopping is either a quick walk or short drive away.
Purchasing a cooperative apartment is a significant financial decision. The following facts about us will illustrate the value and benefits of living at Bronxville Terrace.
Financial Overview:
* No Sponsor – the cooperative owns all unsold units and is not beholden to an outside investor.
* Approximately 90% sold.
* New underlying mortgage – In December 1998 we refinanced and obtained a 30-year self-liquidating mortgage at an historically low fixed interest rate. This gives us significant financial stability!
* Strong financials and reserve fund.
*Ongoing capital work (with no shareholder assessments) to insure property is maintained in a first class condition.
* New Hallways completed 2003!
Property Amenities:
* Built in 1928 – gracious pre-war layouts and details.
* Immaculately maintained buildings – just look at our basements!
* Professional management, full time on-site staff.
* Health club available for a modest fee
* Parking (wait list).
* Children’s park with barbecue grills and picnic area.
* NEW Laundry rooms June 2002
* Storage bins.
* One block to newly rebuilt children’s park.
* One block to shopping, five minute walk to Metro North (Manhattan 25 Mins.)
We are always willing to speak with you to address any questions that you have. Our email address is indicated below. Thank you for your consideration.
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Pricing
Recent prices in Bronxville Terrace (as of February, 2004) range from $130,000 for a one bedroom, and up to $300,000 for a large two bedroom with formal dining room. Monthly costs (mtg. and maint. after tax deductions) are well below comparable rental prices. We have been attracting people from New York City who recognize QUALITY and VALUE and are fed-up with high Manhattan prices. STAR program in place.
The approval process to live at Bronxville Terrace is thorough but fair. All applicants go though a financial and legal check, as well as a personal interview. We are a diverse community and fully support all federal, state and local housing regulations.
A note about availability: the market for resales in Bronxville Terrace is very tight. Most units sell quickly. If you are interested in the property, please email me regarding availability. I am the Board President, as well as a Licensed Real Estate Salesperson with Houlihan Lawrence, and I will be happy to dicuss the homes available in Bronxville Terrace as well as the surrounding area. I have 20 years experience as a real estate professional, and 14 years experience on the Board of Directors, so there is no one who knows more about the property.
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How To Contact Us
Questions? Please contact the Board President, Peter Harris at BronxvillTerrace@aol.com
Additional information regarding specific units available at Bronxville Terrace may be found at:
The following web site is a wonderful resource on buying and selling a home:
Current News for The Residential Real Estate Industry can be found here:
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