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The Value You
Appreciate
The 56-unit resident-owned community includes a variety of one and two
bedroom floor plans ranging in size from 840 to 1237 square feet. (Actual
dimensions may vary.)
Apartment homes feature an eat-in kitchen with 21-cubic foot refrigerator, dishwasher, disposal, mcrowave and self-cleaning oven. All appliances are maintained by the co-op. Each home includes a balcony, cable TV, laundry room with washers & dryers, and generous storage.
Here are the floorplans we have available. Click on the floorplan image to see a larger version, then use the "back" button on your browser to return.
Deerwood - 840 Sq. Ft. |
|
Cypress - 992 Sq. Ft. |
|
Laurel - 1064 Sq. Ft. |
|
Evergreen - 1075 Sq. Ft. |
|
Hawthorne - 1094 Sq. Ft. |
|
Willow - 1237 Sq. Ft. |
To become a member of Gramercy Park Cooperative of Plymouth, you make a down payment (the share price), and as a member you pay a monthly fee.
Model Description and Down Payment Information
(effective March 1, 2008)
Model |
Units |
Bed- rooms |
Baths | Size |
Share Price |
Monthly Fee |
Qualifying Income |
| Deerwood | 2 |
1 |
1 |
840 |
$33,813 |
$838 |
$25,140 |
| Cypress | 14 |
2 |
1-1/2 |
992 |
$42,808 |
$1,016 |
$30,480 |
| Cypress I | 5 |
2 |
1-3/4 |
992 |
$43,920 |
$1,026 |
$30,780 |
| Evergreen | 4 |
1+ |
1-1/2 |
1075 |
$44,573 |
$1,064 |
$31,920 |
| Cypress III | 2 |
2 |
1-3/4 |
1042 |
$45,430 |
$1,073 |
$32,190 |
| EvergreenII | 1 |
1+ |
1-1/2 |
1032 |
$45,753 |
$1,073 |
$32,190 |
| Laurel | 12 |
2 |
2 |
1064 |
$45,909 |
$1,076 |
$32,280 |
| Hawthorne | 6 |
2 |
2 |
1094 |
$47,247 |
$1,115 |
$33,450 |
| Willow | 10 |
2 |
2 |
1237 |
$51,686 |
$1,187 |
$35,610 |
Total |
56 |
Each unit includes 1 parking stall and 1 storage room in the heated garage. Additional storage is available (on the living levels) for a fee.
Your share price (down payment) appreciates 5% annually. Should you sell your unit, you receive your entire down payment + accumulated appreciation (less any transfer costs. - cleaning etc.)
Monthly fees (see table above) pay all common expenses including:
Mortgage |
Lawn care and snow removal |
| Property Insurance | Cable TV - Security System |
| Property Tax | Common utilities* |
| Management | Trash removal / Recycling |
| Reserves | Fire detection/suppression |
| Building maintenance | Water softening and heating |
Approximately 60% of your monthly fees are mortgage interest and property tax, which are deductible on your income tax.
*You pay your own unit's utilities (gas, electric and phone)