Sale at 229 North 8th Street #2G
Started by cj2008
over 17 years ago
Posts: 77
Member since: Apr 2008
Discussion about 229 North 8th Street #2G
Anyone have thoughts about this new dev? Kinda flew under the radar for the most part as far as I know. And 3.5% down?! Where the heck do you find that kind of financing today?!
Went to go see this building a couple weeks ago and liked it a lot more than other stuff I have seen in the neighborhood. Would be curious about others' opinions about it.
cj2008 - if the building is approved for so called "FHA" loans, 3.5% down is possible.
Keep in mind tough that the FHA will not finance more than 1/3 of the units in the building even if the building is "approved" by them. So this financing will apply only to 1/3 of the units.
Layouts are very similar to NV condo on N. Fifth with one BR's open to the living room studio-like. Location wise it's near the BQE by McCarren Park, a little too distant from Bedford for my taste. I prefer 90 N 5th St for location, quality, and price (although there are no 1 BR's). They also qualify for FHA financing.