330 South 3rd St. #12

IN CONTRACT — Located in the hot & trendy neighborhood of Williamsburg, this triple exposure 2 BR/1 Bath apartment requires a major renovation but priced to sell. Featuring N/S/W exposures, 2nd floor walk-up, a sizable windowed kitchen with western exposure & the master bedroom is large enough for a queen size bed. W/D & Dishwasher allowed with licensed plumber. The Maintenance of $704.35 includes heat/water/taxes. For primary residence ONLY, NO investors or pied-a-terre’s allowed. The HDFC Coop is very well managed with an active Board, handy Super/Porter, new intercom system, recently painted hallway/stairwells/foyer with new light fixtures and pet friendly too. Flip Tax: 30% of profit paid by seller on resale, sublet policy 18 months out of every 5 yrs, NO underlying mortgage, VERY strong financials including 2 commercial stores (i.e. Rent-a-Bike for Brooklyn Tours store) which feed the Co-op’s ever-growing reserve and the building has converted from oil to gas. Convenient to restaurants, nightlife & stores. Commuting to the city is a breeze with the J/M/Z at Marcy & the L trains at Lorimer just a short distance away which allows you to transfer to all major subways. This is an HDFC 120% median income restricted building. The 2016 INCOME CAPS are: $76,125 for 1; $87,000 for 2; $97,875 for 3, $108,750 for 4; $117,450 for 5; $126,150 for 6; $134,850 for 7 & $143,550 for 8 in household based on 2015 income. CITIBANK, MORTGAGE MASTER & STERLING BANK APPROVED