55 Carlton Ave #4A, Brooklyn, NY 11205

55 Carlton is a rare and unique homeownership located within the Navy Yard neighborhood in Brooklyn, NY. If you are ready to invest in a future home then look no further than 55 Carlton. These apartments have a modern finish balanced with a classic feel to create the perfect home for all tenants. The neighborhood has plenty to offer as well; spend time in nature by walking over to the various parks nearby, have a night out at the many local restaurants and shops nearby, walk down to the water and look out at Manhattan, or head into Downtown Brooklyn in minutes. At 55 Carlton the B62, B54, or B69 buses are right outside your doorstep and you will also be within walking distance of the B, D, N, Q, R, and G trains, so transportation is a breeze. Maintenance includes hot water; shareholders pay for electricity (including heat, stove, A/C) Please note: There are multiple 2 bedroom available. When you inquire, we will inform you of how many 2 bedrooms are available and allow you to view the multiple units. Eligibility Requirements: -Eligible buyers should have 3% of the purchase price available for down payment. Funds must be "seasoned," meaning that you must show evidence of having these funds for at least 3 months. -Each buyer must occupy the home as their primary residence. -Any applicant who currently owns or previously has purchased a residential property is ineligible. -No less than 2 people and no more than 5 people are allowed to reside in this unit per HPD guidelines. Restrictions: -Mortgage required (no all-cash purchases permitted) -No co-signers unless they are part of the household -Resale: Units may be sold at any time but must remain affordable (restricted to 110% AMI resale pricing) -Flip Tax: 10% of resale profit payable to co-op to fund reserves/pay down mortgage -No subletting permitted -No renting allowed Applicants must fall within the income and asset requirements listed below in order to qualify. Upon inquiry, we will collect your income and asset documents to assess your eligibility for the available units. 110% AMI Income Requirement: 2 people: $115,653 - $149,270 3 people: $115,653 - $167,970 4 people: $115,653 - $186,560 5 people: $115,653 - $201,520 Asset Limit: $264,516