The apartment comes with a manageable monthly maintenance fee of $548, which includes heating and is associated with 250 shares within the cooperative. In line with maintaining an affordable community, this property adheres to a 120% area median income (AMI) cap. A one person household gross annual household income may not exceed $130,440, and $149,160 for 2 persons. Pets under 25 pounds, including cats and dogs, are allowed. Additionally, subletting is permissible with board approval after three years of residence, for periods ranging from one to two years within every four-year cycle.
Residents must use this unit as their primary residence, with no investor purchases permitted. The seller is responsible for a flip tax of 20% of the net profit.This well kept building permits financing up to 90% as well as features a virtual doorman, a laundry room, a live-in Super and bike storage.Residents have access to a range of nearby amenities and transportation options. Key subway stations include the3 line at Kingston Aveand the 2 and5 lines at President St, both within a 0.32-mile radius. For leisure and learning, the Jewish Children's Museum and the Brooklyn Children's Museum are close by, as well as several parks like Hamilton Metz Field and Brower Park. Medgar Evers College and SUNY Downstate Medical Center are also in proximity for educational pursuits.
Quick Profile
Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies.
Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.
The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.
You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.