Here's a chance to buy a three-bedroom in Harlem for less than $250,000
The apartment building at 508 West 134th St. has been thoroughly fixed up.
Four discounted co-op apartments are available in a renovated apartment building in Harlem through the city and the Urban Homesteading Assistance Board.
The apartments are two and three bedrooms at 508 West 134th St., set aside for households making $78,779-$121,770 a year. The apartments will sell for about $222,000 each, and purchasers must have no more in assets than $166,950 plus a three percent down payment to be eligible.
Full income and asset requirement details are here:
The apartments are described as having new kitchens and bathrooms, new electrical, heating and plumbing systems, and energy-efficient appliances and fixtures. The building is set to have a 40-year tax exemption. To qualify, buyers must not have previously purchased residential real estate, and if they win one of the co-ops, they must occupy it as their primary residence.
The building is a seven-minute walk from the 1 train at 125th Street, and a bit further from the B and C at 135th Street.
To download an application online, click here. To request an application by mail, send a self-addressed envelope to UHAB- W134 Marketing 120 Wall St. 20th Floor, New York, NY10005. Don't apply more than once or you could be disqualified. Applications must be postmarked by April 16th, 2018.
To hear more information in person, stop by an informational seminar at Bethel AME Church, 60 West 132nd St., on March 28th at 6 p.m.
Note: Brick Underground is in no way affiliated with New York City’s Department of Housing Preservation and Development, the Housing Development Corporation, or the Urban Homesteading Assistance Board. 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.
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