Overview of Nassau County
Nassau County, located on the eastern end of Long Island in New York, is a vibrant and diverse region known for its beautiful beaches, affluent communities, and bustling business districts. With a rich history and a thriving economy, Nassau County offers a unique opportunity for potential co-op buyers.
What is a Co-op?
A cooperative, commonly referred to as a co-op, is a type of residential building where residents own shares in the corporation that owns the property. This ownership structure allows residents to have a say in the management and decision-making processes of the building. Co-ops are popular in New York City and its surrounding areas, including Nassau County.
Why Buy a Co-op in Nassau County?
There are several reasons why buying a co-op in Nassau County could be a wise investment:
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Prime Location: Nassau County offers a prime location with easy access to New York City, making it an ideal choice for those who work in the city but prefer a quieter suburban lifestyle.
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Quality of Life: The county boasts a high quality of life, with excellent schools, healthcare facilities, and a variety of recreational activities.
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Property Values: Nassau County has seen steady property value growth over the years, making it a solid investment for potential buyers.
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Community Atmosphere: Co-ops often foster a strong sense of community among residents, as they have a vested interest in maintaining the building and its surroundings.
Co-op for Sale: Nassau County
Here is a detailed look at a specific co-op for sale in Nassau County:
Property Details
| Feature | Description |
|---|---|
| Address | 123 Main Street, Nassau County, NY |
| Number of Bedrooms | 3 |
| Number of Bathrooms | 2 |
| Square Footage | 1,500 sq ft |
| Building Type | Co-op |
| Year Built | 1950 |
| Renovations | Completely renovated in 2018 |
Neighborhood
The property is located in a desirable neighborhood known for its tree-lined streets, well-maintained homes, and close proximity to local amenities. The neighborhood is highly sought after for its safety, convenience, and overall charm.
Building Amenities
The co-op building offers a range of amenities to enhance the living experience:
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24-hour doorman
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Laundry facilities
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On-site parking
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Community garden
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Indoor pool
Financials
The co-op is priced at $1,200,000. The monthly maintenance fee is $1,500, which covers utilities, common area maintenance, and building insurance. Potential buyers should also be prepared for a down payment of 20% and a share purchase of approximately $150,000.
Conclusion
Buying a co-op in Nassau County can be a rewarding investment. This particular co-op offers a prime location, quality construction, and a range of amenities that make it an ideal choice for those seeking a comfortable and convenient lifestyle. If you’re interested in this property or would like to explore other co-ops in Nassau County, contact a local real estate agent for more information.
