Sales Info and Income Requirements
Apt 5W
2019 sales price for Apt 5W: $221,746.00
Bedrooms: 2.5
Apartment is situated on 5th floor with 4 large windows facing the street.
Square footage: 942
Only applicants with 2 or more household members will be considered
Open House Dates
To be announced--please check in weekly
Limited Equity HDFC
209 East Seventh Street HDFC is a limited-equity co-op. Since the purpose of such co-ops is to maintain and continue affordable housing for the benefit of the community and not for the personal gain of any individual or corporation, there are resale and other restrictions on shareholders. These restrictions are identified in the Regulatory Agreement governing the operation of the HDFC
Primary Residency Requirement
Apartment must be sole primary residence of all occupants. Applicant shall show good faith toward attending quarterly Building Meetings.
Income Requirements
The sale is restricted to those earning no more than 120% of NYC Area Median Income.
Please view this link for NYC 2019 AMI chart
https://www1.nyc.gov/site/hpd/renters/area-median-income.page
Projected monthly maintenance fee for Apt 5W in 2019 = $ 684.00
Income of buyer cannot be less than 3 times the maintenance fee, or $2052.00 per month.
Application Deadline- to be posted later
Please complete the attached application and provide all requested documentation. Incomplete applications will not be considered. Late applications will not be considered. Following review of submitted applications and related documentation, applicants meeting required criteria will be invited to view the available unit and to meet with 209 East Seventh Street HDFC shareholdersL
