Ever heard the term “HDFC apartment” and wonder what it means? In NYC, these are for-sale units that are available only to limited-income buyers. Apartments in HDFC buildings (it stands for Housing Development Finance Corporation) are also called restricted sale or income restricted apartments. The restrictions vary from place to place, and depending on how big your household is. But if you meet the requirements, you can score a fantastic deal. Here are five income restricted apartments available now in Manhattan and Brooklyn — do you qualify?
Our first income restricted apartment is an UWS beauty less than two blocks from Central Park. The unit features a bright kitchen with two windows and stainless steel appliances. You’ll also find lots of storage space, from the entry to the four closets in the bedroom. Plus, the gut-renovated bathroom looks more like a spa. Income restrictions are detailed on the listing; contact a StreetEasy Expert on the listing for more info. (StreetEasy Experts are agents with proven experience in a particular building or area.)
Further north, this HDFC apartment overlooks leafy Jackie Robinson Park. Cherrywood floors and tall windows make the prewar 2BR feel welcoming and bright. The building also offers a rooftop deck, a gym, and bike storage. Monthlies are low, too, and two bedrooms for $395K is a price that really can’t be beat. Income restrictions are detailed on the listing; contact a StreetEasy Expert on the listing to find out more.
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This Hell’s Kitchen HDFC apartment is huge — like, 1,000 square feet huge. The main bedroom can easily fit a king-size bed and more. Its enormous walk-in closet even has its own window! The second bedroom also has ample closet space. The kitchen is rather impressive as well, with a large island perfect for eating or prep work. Income restrictions are detailed on the listing; contact a StreetEasy Expert on the listing for more info.
Here’s a sunny Williamsburg co-op that’s updated with all the essentials — including a dishwasher. And there’s laundry in the building, too, so check those two boxes on your list of must-haves. This income restricted apartment is just steps away from Grand Street, where restaurants reign supreme and the L stop provides easy trips into Manhattan. Reach out to a StreetEasy Expert on the listing for information.
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The last of our income restricted apartments is a Washington Heights 3BR with old school charm. French doors, crown molding, and parquet flooring provide great vintage vibes. While the kitchen is a bit outdated, it does have a washer/dryer. And the building offers plenty of modern amenities, including a package room and a virtual doorman. Income restrictions are detailed on the listing; contact a StreetEasy Expert on the listing to learn more.
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.