575 Ocean Ave, 2-E

HDFC Cooperative with Income Restrictions
This is an HDFC cooperative with income restriction. Purchaser(s) cannot have made more than the amounts below in 2020 (120% of AMI). Income limits are based on family size and only pertain to incoming buyers; there are no asset or restrictions of future income for owners.

Family of 1 is $95,520
Family of 2 is $109,200
Family of 3 is $122,880

Apartment Details
This is for 250 shares of a cooperative. Big 1-bedroom/1-bathroom apartment in Flatbush has Southern and Western exposures. The apartment has good bones and a spacious layout with an eat-in kitchen, living room, plenty of closet space and bathroom with soaking tub.
2E is located on the 2nd floor of this pre-war elevator building.

Building Details
This HDFC cooperative consists of 63 units and has sufficient savings along with no planned assessments.

This apartment must be used as the owner’s primary residence. Gifting of down payment or purchase price is allowed. Bank financing (mortgage) of up to 80% of the sale price is allowed. Dishwashers are allowed upon board approval. The super lives in the building.

Pets are allowed on a case by case basis.

This is a 70/30 building. Upon the resale of a unit the seller keeps 70% of the profit, the building gets 30%, and HPD gets 30%; this is calculated as (Sales Price minus Purchase Price) times the Percentage.

Please email me for the 3D Tour and to find out more information. I look forward to hearing from you!