320 W 53rd St APT 2F, New York, NY 10019

HDFC Apt For Sale (FSBO / No Agents) NOTE: THE APPLICATION PROCESS CLOSES ON MONDAY, AUGUST 4th, AT 5:30 PM. Applicants NYS Taxable Income Guidelines:             1 person household - $56,700 to $90,720             2 person household - $64,800 to $103,680 This apartment is in a limited equity, self-managed ten unit co-op located in two 155-year-old buildings. All shareholders are expected to participate in the management and upkeep of the HDFC.  Only one application per household.   The application package includes:    - An introduction letter    - An application form (a fillable PDF)    - Application timeline sheet    - Floor plan of the apartment    - Bylaws Sales Policy  320 W. 53rd Street, Apt #2F is a studio apartment (approx. 405 sq. ft.) on the second floor of a Hell’s Kitchen brownstone with a sleeping alcove and small, separate kitchen. It has three windows facing North on 53rd Street (two in the living room, one in the kitchen; the bathroom is vented). Shareholders have access to an unsecured cellar storage area and a shared laundry room. Our units are sold “as is”. The apartment must be the shareholder's primary residence and cannot be used as a pied-a-terre. HDFC (Housing Development Fund Corporation) co-ops are limited equity buildings that are created to provide affordable, long-term housing and do not provide the investment opportunity that other types of ownership may offer. In our HDFC co-op as well as others, there are restrictions on the sales price, and there is a Transfer Fee (a.k.a. Flip Tax) when the shares are sold. The sales structures of individual HDFC co-ops vary and are based on a number of factors, including each building's organizing documents and bylaws. A copy of our co-op's Sales Policy is a part of the Application Package together with a floor plan, an Application Timeline Sheet and an Apartment Application. We are a small self-managed co-op with 10 units, and as such, expect shareholders to participate in the management and upkeep of the property, which consists of two 155-year-old buildings. We are looking for applicants who have skills that will benefit our small community and who are interested in working with our shareholders to benefit the co-op as a whole.