465 East 7th St. #5

East 7th Street at Cortelyou Road: 725 Sq.Ft quiet 5th floor 1 bedroom with 1 year old renovations in a1950’s elevator building with live-in super and laundry room. The apartment has a 30 × 12 living room + dining area and faces East and there is a very large closet and a very small closet at the entrance, opposite the separate kitchen with tile floors, white cabinets, black slate counters and stainless steel appliances including dishwasher. There is a linen console with original cabinets and drawers outside the updated full bathroom, and an 11 × 16 bedroom with a very large closet. The building is a 7 block walk to the F at Ditmas Avenue, and a 9 block walk to the Q at Cortelyou Road.

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.