SPONSOR SALE – NO BOARD APPROVAL
Agents gladly welcome – 2% co-broke to a buyer’s agent.
Financing terms: Over 50 percent owner occupied. All banks and mortgage brokers
welcome.
Exposure – facing the back of the building.
DOWN PAYMENT AS LOW AS 5% IF THE BUYER HAS STRONG FINANCIALS.
Sublet and pet policy:
Sublet policy – can be sublet after two years of ownership with board approval. There
are no time restrictions on subletting after the initial two-year period.
Pet Policy – Dogs are not permitted.
Apartment features:
Address: 76-66 Austin Street, apt. 1-B Forest Hills, New York 11375
Sponsor sale, no board approval
Price: $325,000
Buyer to pay transfer taxes of 1.4% and sponsor’s legal fees of approximately $3,000.
Bedroom: 1
Bathroom: 1
Maintenance/Carrying Costs: $1,108.01/per month; no assessments currently.
Approximate Square Footage: 800
No flip tax upon sale
Parquet hardwood floors throughout bedrooms, foyer, and hallways.
Kitchen – Windowed full-size kitchen with kitchenette. Features Formica countertops,
wood cabinets, and working appliances. The back of the kitchen allows for a small
dining room table.
Bathroom – Windows bathroom features a newly glossed bathtub, medicine cabinet and
vanity, toilet, and ceramic tiling up to the ceiling.
Five closets total.
Baseboard moldings.
Freshly painted.
Building and Neighborhood Features
A) Live in super
B) Cameras throughout the lobby and hallways.
C) Laundry room facilities
D) Storage lockers for rent for an additional fee.
E) On-site gym.
F) Bike storage room (no additional cost)
G) Common outdoor area
H) Double pane windows
I) The cooperative is centrally located in Forest Hills, two blocks from the E and F train
stop (Kew Gardens-Union Turnpike station stop), one block from Queens Boulevard
and walking distance to the Kew Gardens Long Island Railroad stop.
J) Parents purchasing for parents and parents purchasing for children is allowed
K) Pied-a-terre living situations will be considered.