Knolls Cooperative Section 1

- 60 Knolls Crescent, Bronx, NY 10463

For many New Yorkers, the dream of homeownership comes with the challenge of finding an affordable yet high-quality living space in a desirable neighborhood. In the beautiful Spuyten Duyvil area of the Bronx, a unique and attractive solution exists in the form of Knolls Cooperative Section 1. This limited equity cooperative is more than just an apartment complex; it's a tight-knit community offering a peaceful and well-maintained living environment. It is a place where residents, like the ones who have lived there for years, express genuine satisfaction with their choice, highlighting a lifestyle that balances the quiet of a residential area with the convenience of city access.

Knolls Cooperative Section 1 is often described as one of the area's "best hidden secrets," a testament to its value and appeal. It operates on a specific limited equity model, which means that the sale prices of apartments are set by the cooperative, keeping them well below the market rate of comparable properties in the area. This unique structure makes it an exceptionally good deal for those with cash to invest who are looking for a long-term, affordable residence. The community is celebrated for its well-cared-for buildings, which are maintained by a dedicated staff, and its beautiful grounds, which are tended to by enthusiastic garden club volunteers. Residents enjoy a sense of camaraderie and security, with a strong focus on community well-being.

The experience of living at the Knolls is consistently lauded by residents who are "very glad" they made the decision to buy here. They appreciate the beautiful gardens that flourish in the spring, summer, and fall, and the sense of community that provides opportunities to socialize. It is a place that feels both like a quiet retreat and a vibrant community, offering a high quality of life without the exorbitant costs often associated with New York real estate. The affordable maintenance fees, which often include utilities, are another major benefit, making it a highly desirable option for those on a fixed income or simply looking for predictable and low-cost housing.

Location and Accessibility

Knolls Cooperative Section 1 is located at 60 Knolls Crescent, Bronx, NY 10463, USA. This address places the co-op in the Spuyten Duyvil section of Riverdale, a charming and hilly neighborhood in the Bronx. Residents enjoy stunning westerly views of the Hudson River and the New Jersey Palisades, creating a serene and picturesque living environment that feels miles away from the urban bustle. Yet, the location offers excellent convenience and accessibility, a crucial factor for any New Yorker.

The cooperative is highly accessible. For those who rely on public transportation, local and express buses stop nearby, providing a direct link to various parts of the city. The Metro-North train station is also a short walk or ride away, offering a quick and efficient commute to Manhattan and beyond. For drivers, the Henry Hudson Parkway and the Major Deegan Expressway (I-87) are just minutes away, making it easy to travel by car. Additionally, the cooperative has a wheelchair-accessible entrance, ensuring that the community is welcoming and accommodating to all residents and visitors.

Services Offered

As a real estate entity, Knolls Cooperative Section 1 primarily facilitates the buying and selling of its cooperative units. Its services are unique due to its status as a limited equity cooperative.

• Cooperative Unit Sales: The cooperative manages the sale of its own units, setting the sale price and handling the transaction process directly. This unique model makes it a distinct alternative to traditional real estate agencies.
• Affordable Housing: It offers apartments at prices significantly below the market rate, making homeownership more accessible to a broader range of buyers in the Bronx.
• Community-Specific Guidance: The management provides detailed information on the cooperative's unique financial structure, including the limited equity status and transfer fees, ensuring buyers are fully informed before making a commitment.
• Property Maintenance: The cooperative ensures that the two buildings are well-maintained by a dedicated staff, and the beautiful grounds are cared for by volunteers.
• Amenity Management: While not a traditional service, the cooperative manages a variety of on-site amenities for residents, including parking, a garden club, and opportunities for social gatherings.

Features / Highlights

• Affordable Ownership: The limited equity model allows for ownership at a fraction of the cost of comparable properties in the area, a major draw for budget-conscious New Yorkers.
• Prime Location: Despite its tranquil, hilltop setting, the cooperative is exceptionally well-located with easy access to shopping, restaurants, a full-service health club, an award-winning senior center, and multiple public transportation options.
• Strong Sense of Community: A key highlight is the community spirit, fostered by amenities and volunteer activities like the garden club. One resident's review noted, "There are opportunities to socialize if one wants to."
• Well-Maintained Grounds and Buildings: Residents consistently praise the care taken by the dedicated staff and volunteers to keep the grounds and buildings "well cared for" and "beautiful."
• Smooth and Positive Experience: A resident's review that they "had a wonderful experience" buying with Knolls highlights the efficiency and positive nature of the transaction process.

Contact Information

Address: 60 Knolls Crescent, Bronx, NY 10463, USA

Phone: (718) 796-5478

What is worth choosing

For a prospective homeowner in New York, the decision to choose Knolls Cooperative Section 1 is a unique one, based on a different set of values than a traditional real estate purchase. It is worth choosing for anyone who prioritizes a serene, community-oriented lifestyle combined with affordability and convenience. The most significant draw is the value proposition. In a city where property prices are notoriously high, the limited equity structure of the Knolls offers a rare chance to own a home at a much lower initial cost. This is a game-changer for individuals and couples seeking a long-term, stable, and affordable living solution.

The positive reviews from residents who are "very glad" they bought there and consider it "one of the best hidden secrets of the area" are the strongest endorsements. This feedback points to a community that delivers on its promises of a well-maintained, comfortable, and friendly environment. The co-op's dedication to its grounds and buildings, along with its accessibility and proximity to essential services and transportation, makes it a highly practical choice for a wide range of residents. For someone looking to escape the high cost and fast pace of city life without sacrificing convenience, the Knolls Cooperative Section 1 is an excellent option. It offers a unique and successful model of affordable homeownership in the heart of New York, proving that you don't have to compromise on quality to find a place you're proud to call home.

Knolls Cooperative Section 1

60 Knolls Crescent, Bronx, NY 10463, USA