Apply to buy a condo in a high-end Upper East Side building for around $350,000
The developers of 200 East 95th St. got a tax break in exchange for including below-market-rate apartments in the condo building.
Extell
A total of 21 discounted condos are available in a new high-end building on the Upper East Side through a city affordable housing program.
The condos are studios and one and two bedrooms in The Kent, a 30-story building at 200 East 95th St., with the cut-rate apartments ranging in price from $356,700-$427,000. Applying households must make $ 79,333-$119,250 a year, and have no more than a little over $200,000 in assets, plus the amount of a 10 percent down payment. Monthly costs including mortgage payments, taxes, and common charges are estimated at $2,000-$2,600.
Full eligibility and pricing details are here:
Applicants must not own or have previously bought residential property, and if selected must use the new condo as their primary residence.
The remainder of the apartments in the building will sell for market rates, and the developer is seeking an upper crust clientele. To this end, the building has a door person, an on-site manager, laundry, a kid's playroom, a courtyard, a lounge, a salon, a bike room, and for additional fees, a gym, a pool, a recording studio designed by Lenny Kravitz, a dog spa, and stroller valet service. A two-bedroom in the building is currently in contract for over $3 million.
The Kent is two blocks from the 96th Street Q and 4 and 6 stations. There will be retail on the ground floor.
Download an application online here. To request an application by mail, send a self-addressed envelope to: 200 East 95th Condo, c/o Housing Partnership Development Corporation, 242 East 36th
St., 3rd Floor, New York, NY 10018. Don't send more than one application or you could be disqualified.
Applications must be postmarked by May 17th, 2018. To learn more in person, stop by informational sessions on April 4th and 18th, from 6-7 p.m. at Our Lady of Good Counsel-St. Thomas More Church, 220 East 90th St.
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development or the Housing Development Corporation. If you are interested in applying to this or other affordable housing developments, please go to the NYC Housing Connect website, or try the HPD Homeownership Opportunities website.
You Might Also Like
