One time opportunity!
Affordable Housing duplex studio condo now open for application. This is indeed the opportunity buyers have been waiting for, with a 25-year 421A tax abatement monthly costs including mortgage payments, taxes, insurance, common charges etc.
One time opportunity!
Affordable Housing duplex studio condo now open for application. This is indeed the opportunity buyers have been waiting for, with a 25-year 421A tax abatement monthly costs including mortgage payments, taxes, insurance, common charges etc. are anticipated to max at $1300!
Please read the below carefully before applying! To apply please click the following link: https://housingconnect.nyc.gov/PublicWeb/details/1931
Buyers must meet income and asset qualifications as outlined below as well as obtain pre-approval for a mortgage.
- 1 person with annual household income of: $38,860
- 2 people with annual household income of: $38,860
- Buyers Asset Limit are not to exceed $198,975
- Buyers must occupy the condominiums as their Primary Residence.
- Any prospective applicant who currently owns or previously has purchased a residential property is ineligible.
No minimum down payment required as long so long as the buyer can obtain pre-approval for a mortgage. Larger down payments may allow for lower minimum incomes.
Informational sessions will be held on Tuesday March. 16, 2021, 6pm, The seminar will review details about the condominium and the next steps in the application and purchase process. Seminar attendance is not mandatory to purchase a condominium unit. To register, click the following link: http://bit.ly/2Pukx36
or dial in 1929-205-6099.
Meeting ID: 838 8055 1493
Passcode: 505631
151 Somers Street is a newly developed eight unit boutique condominium located at the nexus of a transportation hub in vibrant Ocean Hill. Unit 1A is a 830 square foot duplex studio apartment. Homes include plenty of recessed lighting, double pane Pella windows and more! These apartments have been finished with stylish kitchens featuring lacquer cabinetry, full-sized stainless appliances, and beautiful quartz countertops. Bathrooms are complete with deep soaking tubs, radiant heated floors, and plenty of storage! Individually controlled split-unit A/C and heating make for comfortable and efficient living all-year-round. All of this, combined with low monthly common charges make home ownership within reach at 151 Somers Street, where you’re less than one block to the J, M, Z, A, C and L trains at Broadway Junction and a stone’s throw from local amenities, including Daily Press, Salud Bar and Grill, MacDonough Cafe, and more!