Blending industrial history with 21st-century architectural details, Live/Work space unit #35 has original 1898 maple flooring, 12'6" ceilings, and a creative lighting and layout plan, resulting in a fresh and sophisticated space. A reflective, curved sheet-metal wall creates a dramatic entryway while dividing the studio from the living space. Studio features include two 7.5-foot north-facing windows, a built-in workbench, ample lighting, and homasote-lined walls for easy art display. The adjacent office also accommodates a fold-out bed. Windows line the entire length of the living-dining-kitchen area, including a floor-to-ceiling window in the kitchen. A darkroom opens off the living area and has ventilation and a slop sink. Stairs made of steel catwalk grating lead from the living area to a 100 s.f. bed loft wrapped on two sides with salvaged, operable windows and blackout shades, with a large storage area underneath.

Total Monthly Coop Fees: $2,682/mo (includes taxes, heat/AC, more**)

COSTS EXPLAINED

1. PRICE

The price ($457,588.00, as of February 15th, 2025) is the maximum amount the Buyer may offer the Seller for the Stock Transfer for Live/Work space #35, paid with cash or a combination of cash and “share loan” (second mortgage, after the Coop’s mortgage).

The Buyer must submit an Offer to the Seller (notarized if no broker is involved). The Purchase and Sales Agreement (P&S) is subject to the Offer.

If Buyer secures a “share loan,” the monthly payment on that loan is in addition to the monthly coop fees described below in #2.

Buyer should read in full about the financial and legal structure of owning and selling Stock for a Live/Work space, available on the Coop’s website. (See Live Here.)

** 2. MONTHLY COOP FEES

All three monthly coop fees are based on the Live/Work space’s pro rata share of the total coop square footage.

$1,271 Debt Fee: Live/Work’s portion of Coop Mortgage or Coop outstanding loans (Coop Loans cannot be paid off by individual Members). Interest on all loans paid as part of the Debt Fee is tax-deductible. (Principal is added to price when Member sells, recouping most of monthly contributions over time.)

$1,004
 Members Assessment Fee (Common expense): Includes common area utilities, repairs, maintenance, cleaning; management fees, trash/recycling, snow removal, master insurance; Live/ Work’s heat, air conditioning, and property taxes. Determined by the Coop’s annual budget.

$407 Capital Reserve Fund (CRF) Contribution: The Capital Reserve Fund is for large repairs or replacements such as a new roof or windows. The amount is added to price when Member sells, recouping monthly contributions over time.

Total Monthly Coop Fees for Live/Work #35 = $2,682

3. ADDITIONAL COSTS

If a “share loan” was secured to finance purchase, monthly payments on that loan

Monthly water for individual Live/Work, metered, based on actual usage

Monthly electric for individual Live/Work, metered, based on actual usage, billed directly by electric company

Home insurance (required by Coop by-laws)

Internet/Cable (choice of RCN, Comcast, and Verizon)

Buyer's must be a practicing Artist:

Buyers must be practicing visual artist and live here as their primary residence. For more information about qualifications please visit: https://www.300summer.org/what-you-need-to-know

Co-op board approval required.