Affordable Housing Opportunity Emerges in Brooklyn’s Bed-Stuy Neighborhood with Belle Gardens Cooperatives
A ribbon of revitalization is weaving through Bed-Stuy, Brooklyn, with the launch of Belle Gardens Cooperatives, offering a shot at affordable homeownership to qualified applicants. The development encompasses four locations across the neighborhood: 20 Suydam Place, 37 Rochester Avenue, and 331 and 335 Ralph Avenue, offering 46 units designated for those earning 90 to 130 percent of the area median income (AMI).
Prospective buyers, eager to experience the charm of this vibrant community, should have a 10 percent down payment readily available. The requirement of occupying the co-op as a primary residence ensures a sense of community and belonging.
The units boast a range of desirable amenities, including outdoor terraces for relaxing evenings and the modern convenience of in-unit washers and dryers, making daily life effortless. Owners will be responsible for their electricity usage.
"At 90% of the AMI," explains one developer representative, "we have two one-bedroom units available, with a monthly maintenance fee ranging from $739 to $858. These are perfect for individuals or couples seeking an affordable yet stylish living space."
For those who desire a bit more room, there are nine affordable one-bedroom units and 14 spacious two-bedroom units available at 110% of the AMI. Here, the monthly maintenance fees range from $675 to $746 for the one-bedrooms and $898 to $1,080 for the two-bedrooms.
At the higher end of the eligibility scale, 130% of the AMI, families can choose from nine one-bedroom units, priced from $674 to $801 in monthly maintenance fees, or eight two-bedroom options ranging from $898 to $992.
The Belle Gardens Cooperatives offer a unique window of opportunity to join a thriving community, surrounded by Brooklyn’s cultural tapestry and exciting urban landscape.
Interested applicants should act swiftly! The deadline for submission is January 8, 2025.
“Belle Gardens Cooperatives in Bed-Stuy, Brooklyn” via NYC Housing Connect
For more information and to ensure you don’t miss this exciting opportunity, visit the NYC Housing Connect website today.
