1620 Caton Ave. #2B

Caton Avenue at Parade Place: GORGEOUS rent stabilized gut renovated 2 bedroom on the 2nd floor of a pre-war elevator building facing the Parade Grounds and steps the B/Q and Prospect Park. The apartment has a 12 × 18 step-down living room facing East overlooking East 17th Street, nice sized entryt foyer with a coat closet, beautiful windowed kitchen with stainless appliances including dishwasher and microwave, cream subway tile backsplash, granite counters and porcelain floors. The larger bedroom is about 11.5 x 17 also facing East with a large closet, and there is a beautifully updated full bathroom with slate floor, original tub and new sink/vanity. The building has a modern laundry room and live-in super.

To qualify for this apartment, this landlord requires the following:

700 credit or better

40x monthly rent = minimum annual income (the usual formula in NYC) but adjusted for fixed debt

For example:

$1500 (monthly rent) x 40 = $60,000/year income required to qualify,

$1500 $200 minimum monthly payments* on student loans, car loans, etc = $1700 × 40 = $68,000/year income required to qualify

3-4 month’s rent in savings when applying

Guarantors and/or cosigners, extra securities or any other means of overcoming any issues with the above are not considered. We do work with many landlords in the area, so if this criteria doesn’t work for you just let us know so we can find the right landlord for your situation.

*your minimum monthly payments for non-revolving debt are shown on your credit reports and may be less than you actually pay, so it’s worth checking if you aren’t sure