FYI
https://eastsidefeed.com/real-estate...erm=2021-05-25
An affordable housing lottery has opened up at 1402 York Avenue, between East 74th and 75th Streets, New York YIMBY was first to report.
There are ten studio co-ops now available for well under market value at the eleven-story building.
Two of the studios have an estimated sale price of $96,386, and the other eight units are estimated to go for $50,161. Both have monthly carrying fees of $1,286, and 10% down payments are required from all approved applicants.
In terms of who’s eligible, residents should be earning 63 percent of the area median income (which would be from $43,488 to $60,165 per year). There’s also a preference for residents of Community Board 8, with a small percentage of units being reserved for city employees and those with vision, hearing and mobility issues.
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