550 De Kalb Ave Unit 3B, Brooklyn, NY 11221

If you’re searching for a new place to call home, 550 Dekalb Avenue is ready to welcome you! This charming walk-up building, nestled in between two of Brooklyn’s beautiful neighborhoods Clinton Hill and Bedford-Stuyvesant, is a lovely opportunity for future homeowners. This apartment will make you feel right at home with it's beautiful, renovated, and spacious interiors and tree-lined and open exterior. In this up-and-coming neighborhood, you will feel far enough from the congested cityscape while being conveniently close to the neighborhood’s bustling hubs. You will be within walking distance of various parks, restaurants, clubs and bars, and community centers to immerse yourself in the area. Take your pick of local transit by taking the B38, B44, or G lines to all other major subway lines. Maintenance includes hot water; shareholders pay for electricity (including heat, stove, A/C) 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 more than 3 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: $115,362.00-$149,270.00 3 people: $115,362.00-$167,970.00 4 people: $115,362.00-$186,560.00 5 people: $115,362.00-$201,520.00 Asset Limit: $254,604