FIRST TIME AVAILABLE IN 44 YEARS! THE APARTMENT IS IN “ESTATE CONDITION” AND REQUIRES COMPLETE RENOVATION. INCOME LIMITS HDFC Cooperative with income restrictions set at 120% of Area Median Income (AMI)--this is based on buyer’s income on their two (2) most recent tax returns and current paystubs. Both years must be below the income limit stated above. Family of 1- $136,080 Family of 2- $155,520 Family of 3- $174,960 APARTMENT The apartment is located on the “ground” floor of the building facing the rear and receives wonderful southern sunlight from 8:30am to 4pm every day. Windows are new. BUILDING This HDFC cooperative consists of 25 units—all units are owner-occupied and the building is self managed with an active board. This apartment must be used as the buyer’s primary residence. With approval, the building allows: pets, restricted subletting, in-unit washer/dryer, dishwasher, gifted down payments, cash purchases and mortgage financing. There is no elevator or ammenities (doorman, outdoor space, etc..). FLIP TAX (Paid by seller) A flip tax of 20% is calculated as: ((sale price minus purchase price) times 20%). *Renovations costs are not included in the flip tax calculation.