98 avenue c unit 1-a for $600,000
Address..............…....98 Avenue C
Apartment No....…....1-A (1st floor walk-up)
Neighborhood...…....East Village, Manhattan
Price....................…...$600,000
Maintenance/mo.….$410/mo
Layout................…....1-bedroom/1-bath
Building Type.....…...HDFC Cooperative (walk-up)
INCOME LIMIT This is an HDFC cooperative with income restrictions- purchaser can not have made more than the below amounts in 2018 or 2020. The income limit is only for incoming purchasers, there are no asset limits or future income limits for shareholders.
120% of Area Median Income (2020)
Family of 1- $95,920
Family of 2- $109,200
Family of 3- $122,880
Family of 4- $136,440
APARTMENT
This apartment faces the rear of the building overlooking the shared outdoor space and, although on the 1st floor (no walk-up) it is not a ground level unit. Bedroom and living space share an Eastern exposure that receives a healthy amount of morning/late-morning light.
Apartment also has in-unit washer/dryer, dishwasher, hardwood floors, exposed brick, stainless steel appliances, and renovated bathroom with jacuzzi tub.
BUILDING
This HDFC cooperative originally consisted of 22 units, is self-managed, and in good financial standing.
This apartment must be used as the owner’s primary residence. Gifting of down payment or purchase price and bank financing are allowed. Dishwashers and pets are allowed upon board approval.
Flip tax of 5% of the profit upon sale is paid by the seller. (Ex. Purchase of $600,000 and Sale of $700,000 is $5,000 flip tax paid back to the building)