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Back Displaying items by tag: HDP

Hamilton Heights Fixer-Upper configured as a classic 1 BR with Living Room and Dining Room and can be converted into 2 BR. This spacious approx 950 sq ft Glossary Link HDFC coop apartment awaits the discerning buyer who is willing to do complete renovation. Will need total interior repairs (rebuilding some parts of the ceiling, redoing the kitchen and bathroom, probably some electrical and plumbing upgrades, refinishing the floors, etc.) and is sold "as is". Close to the #1 Broadway line and the A/B/C & D 8th Avenue line. All cash preferred. Unit is located on the 5th floor. Elevator. Board Approval required. HDFC income restricted 120% median income cap building and the 2011 guidelines are: $68,775 for 1 and $78,600 for 2 in household.. Co-op with a community watch in Hamilton Heights area.

Family oriented with a community watch. Hamilton Heights area. HDFC coop features video intercom security, laundry facilities and security camera system. Feel safe knowing that the grounds are monitored by security cameras. The building features an on-site superintendant and is professionally managed. And the subway 1 and A,B,C,D few blocks away!

505 West 143 Street, New York, NY 10031 | Multi-Family Elevator Building

Property Characteristics

Lot Area: 7,500 sq ft (75' x 99.92')
# of Buildings: 1 # of floors: 6

Total Units: 31 * Residential Units: 31

Block: 2075 Lot: 23

Building Area: 33,451 sq ft
Primary zoning: R7-2 * Commercial Overlay: C1-4

Year built: 1920 | Year converted to coop: 1982

 Currently, apartment is shown by appointment only or on Open House by appointment only, therefore don't hesitate to contact one of our agents at 212. 544.2900 or 212.283.5000 for inquiries and appointments.

Asking Price:$179,000

Hamilton Heights, Manhattan

Published in Cooperative
Sunday, 22 May 2011 12:57

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TIL (Tenant Interim Glossary Link Lease Apartment Purchase Program) assists organized tenant associations in City-owned buildings to develop economically self-sufficient low-income cooperatives where tenants purchase their apartments for $250. For a building to be accepted into the TIL program, tenant associations must meet intake requirements demonstrating the tenants' desire and ability to self manage. Once accepted, tenant associations enter into a lease with the City to maintain and manage the buildings in which they live. TIL provides training to tenant associations in building management, maintenance, and financial recordkeeping. During City-ownership, rehabilitation is funded through a combination of City and Federal sources utilizing private construction management firms to supervise the work. Rental income covers operating expenses, minor repairs, and management fees. Rents are restructured before buildings are sold to the tenant association in order for the buildings to remain financially viable after sale.

Published in Advice