110 Cambridge Pl. #4C

ACCEPTED OFFER WITH BACKUPS. AWAITING BOARD APPROVAL.

INCOME LIMITS
This is an HDFC cooperative with income restrictions- purchaser can not have made more than the below amounts in 2019-2021. The income limit is only for incoming purchasers, there are no asset limits or future income limits for shareholders.

Family of 1- $104,500
Family of 2- $119,375
Family of 3- $134,250
Family of 4-$149,125
Family of 5-$161,125

APARTMENT
This approximately 903sf cooperative 3-bedroom apartment in Clinton Hill, Brooklyn has been updated over the years while still maintaining original touches of character that are rarely seen in apartments coming to market.

The apartment is located on the 4th floor of a pre-war walk-up building features unobstructed East facing windows in the living room and master bedroom overlooking a tree-lined brownstone block, while the remaining bedrooms have North facing exposures. All bedroom easily fit queen/king beds with additional room for furniture.

The apartment currently has a washer. Dryers and dishwashers are allowed with board approval.

BUILDING
This HDFC cooperative consists of 40 units between 110 and 116 Cambridge Place. The building is located on one of Clinton Hill’s best blocks and is a 5 minute walk to the Clinton-Washington Ave A/C train line. The building has good financials, engaged shareholders that actively maintain the property allowing for consistently low maintenance, and no pending assessments..

This apartment must be used as the owner’s primary residence. Gifting of down payment or purchase price and bank financing are allowed. Dishwashers and pets are allowed upon board approval.

Current Flip Tax (Sale Price – Purchase Price times )
0-4 Years of Ownership- 75 to building/25% to seller
5-10 Years of Ownership: 50% to building/50% to seller
11-15 Years of Ownership: 40% to building/60% to seller
15+ Years of Ownership: 30% to building/70% to seller