NEW YORK – Think an Upper West Side apartment just steps from Central Park is only an option for the rich? Think again.
New York City is selling apartments in a prewar walk-up building on West 80th Street starting at just $174,000.
Yes, you read that right: it is possible to own an apartment in New York for under $200,000.
The five-story building will be converted into a 17-unit co-op.
Lose flats are sold by lotterybut there is a problem: not everyone can participate.
New Yorkers earning less than 120% of the area median income can participate. That would mean families with two people with an income of less than $150,000 would be eligible.
Additionally, apartments (studios between 240 and 343 square feet or one-bedroom units between 466 and 544 square feet) must be the owners’ primary residence, the city says part of the requirements.
The city is also building houses on the Upper East Side, in Hudson Yards and Astoria. The deadline to participate in the lottery is August 27.
Check out the pictures that show what some of the units look like:
2024-08-23 06:00:40
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