Property Description for 650 51st Street, 2
Unit # 2 is about 1000 sf consisting of 3 bedrooms and 1 bathroom, living, dining, laundry and kitchen. Master bedroom is huge with a large closet. Other two bedrooms are decent sized. light brown kitchen Cabinet with Marble floor. Hardwood floor throughout the unit with large Anderson Windows. Unit comes with all the appliances. Ceiling is 10 feet which is great for summer or winter weather. Unit # 2 is allowed to have some shared basement storage area and a half of the backyard to grow summer vegetables or quiet enjoyment. Whole building was gut renovated in 1996. Roof was done not long ago. This home is located in the Sunset Park area of Brooklyn. It is in the area of Maimonides Medical Center, also within a short distance of shopping, restaurants, and good schools. There are several methods of transportation nearby.
The building is operated by Housing Preservation and Development (HUD). Buyer must meet the income requirements and the household assets must not exceed the Asset Limit (which is 175% of AMI for a household of four or $198,975 per HPD). Please check their website (https://www1.nyc.gov/assets/hpd/downloads/pdfs/services/asset-and-property-limits.pdf ). The income guidelines including minimum requirement can be found on HPD website (https://www1.nyc.gov/site/hpd/services-and-information/do-you-qualify). Please request showing if you meet the both minimum and maximum income requirements as per 120% AMI listed on HPD website. Each shareholder must live in their unit as their primary residence. The building is managed by HDFC, LLC formatted by the shareholders. Future owners have to do the same.