172 Forsyth St. #5B

Great opportunity to own a 1 bedroom 1 bath apartment in a HDFC income-restricted building at a very attractive price, with low maintenance ($420/month) in a prime Lower East Side location! Your income at purchase for a household size of 1 cannot exceed $72,150; combined income for 2 cannot exceed $82,500.

This south-facing unit with windows in every room (even the bathroom!) has ample light and is located just 4 flights up of a walk-up building. It’s in original condition, but has excellent upside potential with a little TLC. Here’s your chance to renovate your next home to suit your own unique taste! The best part is living in a vibrant neighborhood between Stanton & Rivington along the soccer fields at Sarah D. Roosevelt Park, less than 2 minutes from Whole Foods Bowery, chic Lower East Side restaurants (Meatball Shop, Sauce, Bowery Diner, Cocktail Bodega), hot nightlife venues (the Box, Thompson LES). Access to transportation is easy – the F subway line is 2 blocks away and the Bowery/Lafayette subway hub is a mere 6 minutes away.

172 Forsyth Street is a well-maintained building whose hallways and common areas are currently being renovated. The addition of a laundry room is also scheduled for completion in 2013. Sublets are allowed after 2 years of ownership, and then for not more than 18 months. Flip tax on net profit: 30% payable to the cooperative; 70% for shareholder.

Please contact me with any questions or to schedule a showing.