Description

HDFC Cooperative with Income RestrictionsThis is an HDFC cooperative with income restriction. Purchaser(s) cannot have made more than the amounts below in 2020 (120% of AMI). Income limits are based on family size and only pertain to incoming buyers; there are no asset or restrictions of future income for owners.Family of 1 is $95,520Family of 2 is $109,200Family of 3 is $122,880Apartment DetailsThis is for 250 shares of a cooperative. Big 1-bedroom/1-bathroom apartment in Flatbush has Southern and Western exposures. The apartment has good bones and a spacious layout with an eat-in kitchen, living room, plenty of closet space and bathroom with soaking tub.2E is located on the 2nd floor of this pre-war elevator building.Building DetailsThis HDFC cooperative consists of 63 units and has sufficient savings along with no planned assessments. This apartment must be used as the owner s primary residence. Gifting of down payment or purchase price is allowed. Bank financing (mortgage) of up to 80% of the sale price is allowed. Dishwashers are allowed upon board approval. The super lives in the building.Pets are allowed on a case by case basis.This is a 70/30 building. Upon the resale of a unit the seller keeps 70% of the profit, the building gets 30%, and HPD gets 30%; this is calculated as (Sales Price minus Purchase Price) times the Percentage.Please email me for the 3D Tour and to find out more information. I look forward to hearing from you!