A new housing lottery has been launched at 107 West 105th Street (between Amsterdam and Columbus avenues) – an HDFC co-op offering three two-bedroom apartments to select qualifying applicants.
Applicants must be prospective first-time homebuyers, and they must be looking to occupy the space as their primary residence. Anyone who’s owned property in the past will not be eligible, and New York City residents are preferred.
Occupancy is anticipated for June.
“This gut renovated, energy efficient walk up building is 2 blocks from Central Park and Broadway and has two-bedroom apartments available on the 4th and 5th floors,” describes the NYC Housing Connect website.
The income requirements are based on household size, and each unit can accommodate between two and five occupants. Eligible collective incomes must fall between $102,000 and $158,510, with the lower amount representative of smaller households and the higher amount representative of five-person households.
The collective asset limit – regardless of household size – is capped at $249,169.
The estimated sale price for each unit is $314,383, with a monthly carrying cost of $3,075 and a minimum down payment of 5%.
The lottery will be open until May 1. To learn more and to apply, please visit this page.