The affordable housing lottery has launched for 165 West 80th Street, a five-story residential building on the Upper West Side of Manhattan. Built in 1910, the structure yields 39 residences. Available on NYC Housing Connect are 17 units for residents at 120 percent of the area median income (AMI), ranging in eligible income from $73,319 to $167,760.
Amenities include outdoor spaces. The units are equipped with air conditioning, hardwood floors, and smart controls for heating and cooling. Buyers are responsible for electricity.
These apartments must be the owner’s primary residence. Studio units range between 240 to 343 square feet, and one-bedrooms range between 466 to 544 square feet. There are resale restrictions and a flip tax upon each resale.
At 120 percent of the AMI, there are ten studios with a monthly maintenance fee of $994 for incomes ranging from $73,319 to $149,160, and seven one-bedrooms with a monthly maintenance fee of $1,003 for incomes ranging from $78,233 to $167,760.
Eligible buyers should have five percent of the purchase price available for down payment. Applications must be postmarked or submitted online no later than August 27, 2024.
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Did they do any renovations?