Note: the above is based on a down payment of 20% ($55,800),
which is the minimum amount permitted by the building.
Description
IN CONTRACT - HDFC Prewar Coop - Very quiet cozy 1 bedroom located in the hot & trendy neighborhood of Williamsburg. Featuring a windowed kitchen that opens up to the living/dining area. The beautiful windowed bathroom was recently renovated in a classic prewar style with subway tiles & a stand alone shower with sliding glass doors.
The bedroom area can comfortably fit a full or queen size bed & includes a new ceiling light fan. In addition, all rooms have windows facing West, oak hardwood floors, freshly painted throughout, 2 flight walkup on the 3rd floor. The maintenance of $562/mo includes heat/water/taxes.
For primary residence ONLY, NO investors or pied-a-terre’s allowed. The HDFC Coop is very well managed with an active Board, handy Super/Porter, intercom system, recently gut renovated hallway/stairwells/foyer with new light fixtures and small pets are welcome. Flip Tax: 30% of profit paid by seller on resale, sublet policy 18 months out of every 5 yrs, NO underlying mortgage, VERY strong financials including 2 commercial stores (i.e. Rent-a-Bike for Brooklyn Tours) which feed the Co-op’s ever-growing reserve and the building has converted from oil to gas.
Convenient to restaurants, nightlife & stores. Commuting to the city is a breeze with the J/M/Z at Marcy & the L trains at Lorimer just a short distance away which allows you to transfer to all major subways. This is an HDFC 120% median income restricted building.
The 2017 INCOME CAPS are: $80,160 for household of 1; $91,680 for 2 based on 2016 gross income. BANK APPROVED. Please contact exclusive broker for showings.
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