388 Halsey St

388 Halsey Street is a tree-lined residential block with access to B26, B15, and B43 buses, and close to the C train. There are nearby community laundromats on the corners of Halsey and Throop, and Fulton and Throop. There are also grocery stores located on every corner from Fulton to Dekalb Avenue. There is a grammar school (P.S. 44) on Madison and Throop, and two others close by within the neighborhood. 

388 Halsey St HDFC is an 8-unit walk-up apartment building located in Bedford-Stuyvesant Brooklyn. It is a resident-owned and -operated affordable co-op that is now seeking potential purchasers who wish to become homeowners and shareholders.

Applicants must show an interest in actively taking part in a resident-owned and -operated building and must attend a workshop given by UHAB. The apartment for sale can be used as a four-bedroom.

Please note: This building is in financial turnaround. The vacant unit will be sold as is and help stabilize the building. This purchase may not be possible through a mortgage.

 

Community Notes:

# of Units Available 2
Asking Price $170,000
Location/Neighborhood Bedford-Stuyvesant
Transportation A/C to Kingston-Throop Av, G to Bedford-Nostrand Ave, J to Halsey St, S to Franklin Ave, B26, B15, B43, B52
Location Description Between Marcus Garvey Blvd and
Throop Ave. Close to restaurants,
markets, shopping, laundry mats,
churches and playgrounds.
Income Restrictions Section 576(1)(b)
Notes for Interested Applicants Apartment is being sold in "as is" condition

 

Income Guidlines:

This co-op apartment has been designated to meet the housing needs of low-income
families. It employs Section 576 of the New York State Private Housing Finance Law to determine income guidelines. Under Section 576(1)(b), the maximum income is six times the annual maintenance plus utilities for a person/family with two or fewer dependants and seven times the maintenance plus utilities for family with three or more dependents.

* Income requirements may be subject to change based on new HPD income Limits being issued prior to sale

Income Limits:

6.5-room apartment

Households with 3 or fewer dependents = $48,300
Households with more than 3 dependents = $56,100

6-room apartment

Households with 3 or fewer dependents = $44,700
Households with more than 3 dependents = $51,900

Purchase Price & Monthly Maintenance Fee:

Rooms

Estimated 
Purchase Price

Condition 
of apartment

Estimated Monthly
Maintenance Fee
6.5 $170,000 As-is condition $650
6 $170,000 Newly painted $600

PLEASE: NO PHONE CALLS OR EMAIL INQUIRIES.

UHAB does not retain or authorize the use of any brokerage agent or firm for the sale of apartments in this building.

 

 

Interested in applying for this opportunity?

Click here to begin the application process, or here for answers to some Frequently Asked Questions

Listing Type: 
HDFC