SPONSOR SALE – NO BOARD APPROVAL
Agents gladly welcome – 2% co-broke to a buyer’s agent.
Financing is available from traditional lender (Chase) and there is a preferred lender
that will provide financing for investment cooperative loans.
Flexible financing terms. 5% - 10% down will work on a case-by-case basis.
The preferred lender also has first-time home owner (must reside as primary residence)
closing programs that can provide a closing cost credit of up to $10,000 for eligible
closing costs (i.e. appraisal, bank processing fee, bank origination fee, HOA
questionnaire fees, bank attorney fee, etc.) as well as down payment assistance.
Income dependent.
Sublet policy – can be rented from day 1 without any restrictions. No sublet fee.
Pet Policy – Pets allowed. No weight restrictions.
Address: 40-05 Ithaca St, apt. 5-H, Brooklyn, New York 11373
Price: $249,000
Buyer to pay transfer taxes of 1.4% and sponsor's legal fees of approximately $3,000.
Bedroom: 0 (studio)
Bathroom: 1
Maintenance/Carrying Costs: $611.35/per month; no assessments currently.
Approximate Square Footage: 500
No flip tax upon sale
Parquet hardwood floors throughout.
Kitchen – Formica countertops, wood cabinets, brand new stainless steel appliances
(Haier fridge), Avanti stove, Broan hood).
Bathroom – Has been gut renovated with new ceramic tiled to the ceiling, new bathtub,
vanity, medicine cabinet and sink. Bathroom has a window.
There is a powder room between the living room and bathroom area.
Exposures – Windows face Ithaca Street with western and northern views.
New energy efficient lighting fixtures installed.
Freshly painted.
Three closets plus a pantry closet.
New radiator grills.
Building and Neighborhood Features
A) Live in super
B) Cameras throughout the lobby
C) Laundry room facilities
D) Double pane windows
E) Intercom system.
F) The cooperative is centrally located in Elmhurst, NY, two blocks from the 7
train (82nd street train station stop) and 6 blocks from the E, M and R train
(Elmhurst Avenue train station stop)
G) Parents purchasing for parents and parents purchasing for children is allowed
H) pied-a-terre living situations will be considered.
Active
$249,000
4005 Ithaca St APT 5H, Flushing, NY 11373
0beds
500sqft
Coop
Built in 1941
-- sqft lot
$-- Zestimate®
$498/sqft
$611/mo HOA
What's special
Parquet hardwood floorsPowder roomWestern and northern viewsEnergy efficient lighting fixturesWood cabinetsNew bathtubFormica countertops
- 14 days
- on Zillow |
- 383 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 06:05pm
Listing by:
Thomas Lipovetsky, LREB 718-701-8632,
Thomas Lipovetsky
Source: StreetEasy,MLS#: S1780810
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Laundry: Inside
Features
- Flooring: Hardwood
Interior area
- Total structure area: 500
- Total interior livable area: 500 sqft
Video & virtual tour
Property
Details
- Parcel number: 0150500015H
- Special conditions: Resale
Construction
Type & style
- Home type: Cooperative
- Property subtype: Coop
Condition
- Year built: 1941
Community & HOA
Community
- Subdivision: Elmhurst
HOA
- Has HOA: Yes
- Amenities included: Laundry
- Services included: Maintenance
- HOA fee: $611 monthly
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $498/sqft
- Tax assessed value: $4,239,000
- Annual tax amount: $187,606
- Date on market: 7/10/2025
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