INCOME LIMIT This is an HDFC cooperative with income restrictions- purchaser can not have made more than the below amount per their 2019 tax return and 2020 letter of employment. The income limit is only for incoming purchasers, there are no asset limits, no future income limits for shareholders, and parents can purchase for children or gift down payment. Family of 1 or 2 People: $33,480 APARTMENT This approximately 315sf cooperative junior 1-bedroom apartment in Midtown West, NYC has had recent updates and stable, low monthly maintenance The apartment is located on the parlor floor of a pre-war walk-up building features an ample living room with separate bedroom area that currently houses a Murphy bed. Kitchen, floors, and some fixtures have recently been updated. Shareholders are not allowed to install washer/dryer or dishwashers in their units. BUILDING This HDFC cooperative consists of 15 units. The building is located two blocks from both the A/C/E train on 50th Street and the NQRW on 49th Street. The building has healthy financials, no pending assessments, and an outside management company. This apartment must be used as the owner's primary residence. Gifting of down payment or purchase price and bank financing are allowed. Pets are allowed with board approval Flip tax of 20% of the profit upon sale is paid by the seller.
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