32 2nd street

Tiny, TINY place, very weird and uncomforable layout, minimal natural light and no view.
Location IS very central, however might be too central with such close proximity to 2nd Ave traffic.
Aside from its location, maintenance is certainly a big positive.
All in, for me it's just not a livable place... but in current [crazy] market conditions I'm pretty sure it will sell.

(Nor is it a real deal if you look at it on a per sq. ft basis)

Its an HDFC building. It should have income restrictions and if it doesn't, I'd worry about why.

I saw it too. Agree it is very small, perhaps ok for a single who is into making the most of customizing a small space to be comfortable.

I took a look upstairs and noticed one apartment sealed of with some kind of police notice - in the hands of NYC administration or something - slightly concerning.

My understanding was that it became HDFC in 1982 and so it has reached the end of the 30 year period. If that's the case, i.e. it no longer has HDFC status, does the tax situation change, so maintenance could go up significantly?

I don't know much about HDFC, but it irritates me when they are not listed as such in the ad. And I'm not altogether sure how/why it's possible to eliminate income restrictions while simultaneously maintaing the significant tax break. I believe the one is the reason for the other.

The other thing to be mindful of is that it's very likely the neighboring tenants bought long ago at low prices that accomodate their income level. So, when a capital assessment arises...how are they going to chip in and pay? I'd be very diligent about discovering how many units are in arrears, etc.

"...and lies along the private passage to historic New York Marble Cemetery."

I think that "breakfast bar" may serve double duty.

Quiet neighbors

It looks like all the other units in the building are the same layout, but have recently sold for $100K less. Also the "new" bamboo floors were all slanted down with the higher area being that by each of the four walls. Those would all have to be re-done and to me just seemed like too much work to justify the $432K price. The windows let in a lot of noise (even though it was a pretty quiet street) so those would probably need to be replaced as well. And then the bathroom...lol the toilet was sideways! Just to squeeze it in. They should have just used a smaller toilet. I could justify $300K and then with $150K of renovation, it would be a nice small one bedroom.