211 W 147th St. HDFC is a 12-unit building located on 147th Street between Adam Clayton Powell Blvd. and Frederick Douglas Blvd. in Harlem. The building was renovated to meet the requirements of the City’s Affordable Neighborhood Cooperative Program.
UHAB is accepting applications on behalf of the cooperative to purchase a one-bedroom apartment for $125,751.* The apartment is on the first floor.
|Address||211 W 147th St., New York, NY 10039|
|Subway/Bus||Trains: 3 Buses: M1, M2, M7, M10, M102|
|Schools||PS 90, PS 200, Thurgood Marshall Academy|
|Library||Macomb’s Bridge Library|
|Community Board||Manhattan Community Board 10|
|Other HDFC Co-ops||28 HDFCs in CB 10|
Household Size, Income and Asset Requirements:
Because HDFCs are created to serve the housing needs of low- and moderate-income families, no household may be over the maximum income listed below. The 2021 eligible household sizes, income and asset limits for this one-bedroom apartment are as follows:
|Eligible Household Sizes||Minimum Income Required||Maximum Income allowed (112% of AMI)||Asset Limit|
Monthly Maintenance Fee and Purchase Price:
The monthly maintenance fee includes all co-op common charges shared by the owners, including: heat and hot water, common electricity, all property taxes, water and sewer taxes, co-op corporation debt service, building insurance, property management and common area maintenance. Owners are responsible for their own electric utility bill and individual apartment mortgage payments. See chart below for maintenance fee and sales price information for the available apartment:
|Apartment Size||# Available||Square Footage||Estimated 2022 Purchase Price*||Estimated Monthly Maintenance Fee|
|1 bedroom 1-3 people||1||600 Sq. Ft.||$125,751||$929|
*This unit comes with a purchase subsidy of $40,000 through the NYS Affordable Housing Corporation. Eligible applicants must meet that program’s income and asset cap requirements (listed above) and applicant must be a first-time home buyer. With this purchase subsidy, a buyer’s out-of-pocket costs are reduced by $40,000.
Download the application from the link below and follow instructions within the application to submit by paper mail or email. The deadline to apply is January 31st, 2022. Applications submitted after the deadline may be considered.