Gramercy Park at Lakeshore Drive Cooperative - 710 square foot, 8th floor beautiful east facing 1 bedroom/1 bathroom unit with wonderful, picturesque morning views of the sunrise and distant views of the airport (no noise!) At least one member of the household must be 62 and membership is subject to board approval. The buy-in share (membership) cost is $49,026. This equity membership is called a share value which increases annually and is returned when you sell or transfer your membership. The monthly maintenance fee (called the carrying charge) is $1,512.00 which covers the cost to operate the building, insurance, property taxes and your pro-rata share of the joint HUD mortgage which are fully tax deductible. The monthly carrying charge includes internet and TV (Xfinity), heat, water/sewer and trash (each floor has two trash chutes) as well as the optional assigned personal parking stall in the heated underground garage. The garage has a free well-equipped wash bay. Additional free parking is available outside the rear of the building. Private 6x10 locked storage room next to your unit. Receptionist, maintenance staff, and property management staff are on-site M-F and on-call for emergencies. The building is managed by Ebenezer under the direct control of the resident elected board of directors. The 12 floors are served by 4 elevators. The building is attached to the Richfield VFW Post #555 bar and restaurant where Gramercy residents receive a discount. Access to the secure building is strictly controlled by key fobs and cameras. Check out the most affordable cooperative living community in the metro area. Close to Southtown, the MOA, and across the street from the beautiful and relaxing trails of the WoodLake Nature Center at 67th and Lyndale. Check out the photos of the building: lobby, library, fitness center, hair salon, community kitchen and store. Never worry again about home maintenance, shoveling, mowing or roof repairs - almost everything is taken care of by your membership in the cooperative - appliances (except microwave) floor and wall coverings, bathroom and kitchen cabinets, and countertops. In unit clothes washer, dryer, and walk in shower. Amenities abound from craft/activities room, huge library, workshop with a complete mix of major wood shops machines and tools. There are daily activities shared by members including free van transportation to nearby clinics, offices, and shopping venues. Ready for move in once you’ve chosen your new tile for the kitchen and bathroom which is paid for by the cooperative!
Listing courtesy of Moe Mossa, Savvy Avenue, LLC
