The affordable housing lottery has launched for home sales at 107 West 105th Street, a five-story residential building built in 1930 on the Upper West Side of Manhattan. The pre-war walk-up yields 15 residences, which have been gut renovated and are equipped with energy-efficient appliances. Available on NYC Housing Connect are three units for sale for residents at 110 percent of the area median income (AMI), ranging in eligible income from $102,000 to $158,510.
At 110 percent of the AMI, there are three two-bedrooms with a monthly carrying fee of $3,075 and an estimated sale price of $314,383 for incomes ranging from $102,000 to $158,510. There is a 5 percent minimum down payment.
This cooperative has a 40-year real estate tax exemption and is only available for first-time home buyers who will occupy the unit as their primary residence. Occupancy is anticipated in June of 2023. Applications must be postmarked or submitted online no later than May 1, 2023.
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1930.
That’s hilarious.
Looking for a one bedroom apartment responsible tenant
That’s a hefty monthly fee.
Very nice renovation.
again to call this ‘affordable housing is a sad joke on the low income people of NYC.
This is INCOME LINKED HOUSING and only affordable to upper income people not the low income people who desperately need this housing.
This is a NYS taxpayer subsidy to millionaire developers.
Ridiculous. 421A is dead so this has stopped for the time being .
At 110 percent of the AMI, there are three two-bedrooms with a monthly carrying fee of $3,075 and an estimated sale price of $314,383 for incomes ranging from $102,000 to $158,510. There is a 5 percent minimum down payment.
3k a month carrying fee with a tax exemption in a walkup without doorman. Why on earth are those fees that high? Something feels very off here. The overall costs for the apartment would also be too high for these incomes (which are already on the high end) if you add mortgage costs on top of that 3k