129 Ridge St. #4D

http://www.walkscore.com/score/129-ridge-st-new-york-ny-10002 Click on the link above to explore the neighborhood amentiesThis HDFC Co-op is located in a prime Lower East Side neighborhood on the 4th floor facing Ridge Street. It offers multiple exposures to the East , South and West and has tons of light in every room. This unit is a handyman special as it requires a considerable amount of renovation, but is an excellent value for the price per square foot. With a large, windowed kitchen and bathroom, high ceilings, ample closet space and grand living and bedroom, this unit has tremendous potential. Close to the F,J,M,Z train lines and many shopping boutiques, bars and restaurants . Building has a Super on-site and is in process of elevator repair. Financial Qualifications will be available soon – please contact me for more details. The HDFC has 60/40 Security Agreement with the City through 2017. This means that not only does the HDFC have to pay 40% of the profit of any sale to the City, but any buyer must fit very stringent income guidelines. They are defined as 6-7x annual maintenance plus utilities. This works out to about $37,000 for a family with three or fewer dependents, and $43,000 for a family with more than three dependents.