The Residences of Jefferson Place is a condominium complex with a split personality. The complex spans on square block between Livingston Ave. and Rutherford Ave. in White Plains, NY with units on 300 Mamaroneck Ave. and 31 Greenridge Ave. Jefferson Place is located a scant half -mile from Trump Tower, the Ritz Carlton and the White Plains City Center. The city side - facing Mamaroneck Ave. is an eight-story urban mid-rise with a sophisticated brick façade. The façade reflects the growing urbanization of the city and is just steps away from all the shopping and dining that downtown White Plains has to offer. The suburban side of the complex on Greenridge Ave. gives a bow to the Highlands community where it resides. The units on Greenridge are three story walkup condos that have an outer façade resembling three story townhouses. The low-rise portion surrounds tree-lined streets, single family homes and other low-rise condo complexes.
Just across the street from the Mamaroneck Ave. side there is plenty of dining and take-out, including Iannelli’s
– a local favorite. Going to either the Westchester Mall, Fortunoff, Whole Foods or the Cheesecake factory it is easy to leave the car behind and take a short walk.
Built in 2005, this complex offers state-of-the-art luxury. As such, it is no bargain. But - it offers convenience, luxury and perks at a lower price than can be had at the Ritz Carlton or Trump along with a prime location less than 0.5 miles from City Center and the heart of the downtown. The Ritz Carlton, Trump, and One City Place are clearly visible from the street at 300 Mamaroneck Ave. Among other things, Jefferson Place offers on-site parking (you can buy an extra space), laundry in each unit, central air conditioning, a 24-hour concierge, a workout room with state-of-the-art equipment, a media room and a business center.
The units are beautifully appointed with granite countertops, and new appliances and luxury baths. Luxurious master suites and more than ample closet space. The living room areas sport hard-wood floors with carpeting for the bedrooms. With such ample space in the closets and baths, the only drawback is that the living space is smaller than some would like it to be. But if you like the pared down look, there is ample space in the closets to hold all of your things without having a lot of extra furniture to supply storage.
The Cost of Living:
Over the past six months there have been four sales ranging in price from $380,000 for a 1 BR/1 BA unit of 689 square feet to $585,000 for a 2BR/2BA/home office unit of 1243 sq.ft.
So, for a 1 BR/1BA unit with 20% down payment, and a 30 year fixed mortgage at 6% results in an average monthly payment of $1790. Taxes with a single STAR run about $260 a month and monthly common charges average $385. After tax deductions the overall outlay would be approximately $1800 a month assuming the 28% marginal rate. This is more than comparable to luxury rentals with similar square footage. With rentals rising rapidly, purchasing will save you money and allow you to build equity.
Pet -Friendly-Status:
Dogs allowed with a generous weight restriction.
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