1300 Lafayette East Coop

Dwellings Unlimited is one of 1300 Lafayette East Cooperative's Exclusive Network Brokers. We market and offer properties owned by individual share holders and cooperative owned units. We have extensive knowledge and expertise in this luxury building. For more information, please visit our website dedicated to showcase 1300 Lafayette East Cooperative at www.1300eastlafayette.com.

About 1300 Lafayette East

Luxurious, architecturally significant 1300 was designed by Gunnar Birkerts and built in 1961. It is among the most important architectural landmarks in the city of Detroit. As you enter the luxurious marble lobby, reminiscent of an era of elegance, you are welcomed by a friendly, professional door attendant. This is your entry to gracious living. 1300 features 286 spacious residences with dramatic window views of the city and Detroit River. Select from studios, one, two, three, and four bedroom residences and combined units. Private parking is below in a convenient two-story underground garage. 1300 is a complete community with grand common areas, community room, a state of the art fitness room and yoga center, and 2 luxury outdoor pools.

Originally designed as an apartment building, it has housed a number of notable residents, including Diana Ross.

WHAT IS A COOPERATIVE?
While living in 1300 Lafayette East Cooperative, you will enjoy concierge style living. Included in the monthly fees are heat, electric for Air Conditioning, water, and basic Cable. Also included are maintenance, 24 hour doorman and security.
(for detailed cooperative rules, please contact us)

Cooperatives are very popular in areas like New York, California, Chicago, and Hawaii. This form of ownership is often considered a hybrid between condo ownership and lease. Benefits are the same or even more attractive than condo ownership including inclusion of taxes and most utilities (at 1300 East Lafayette Cooperative).

Among the many benefits of cooperative ownership are personal income tax deductions, lower real estate tax assessments, reduced maintenance costs and resident participation and control. Cooperatives are corporations governed by an elected resident Board of Directors. Residents are shareholders of the corporation.

Example of Tax benefits of Unit 2704, Approx 800 Square Feet River View
Approximate Tax Benefits for Unit # 2704:

Annual Fees: $9456. (approx 48% tax deductible)
Approximate ANNUAL TAX WRITE OFF: $4539.
Ask your accountant or tax preparer how this affects your own taxes. Amounts are estimated and subject to change.

FOR A COMPARISON BETWEEN SINGLE FAMILY HOMES, CONDOMINIUMS, AND COOPERATIVES CLICK HERE