CONDOMINIUM APARTMENTS
140 Edgecombe Avenue Condominiums is a five-unit boutique condominium developed under the Homeworks Program of the NYC Department of Housing Preservation and Development. Unit 1 is being offered for immediate sale on a first-come, first-served basis subject to primary residence requirements but no maximum income or asset restrictions.
140 E
DGECOMBE AVENUE CONDOMINIUMS, UNIT 1140 E
DGECOMBE AVENUE CONDOMINIUMS IS A FIVE-UNIT BOUTIQUE CONDOMINIUM DEVELOPED UNDER THE HOMEWORKS PROGRAM OF THE NYC DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT. UNIT 1 IS BEING OFFERED FOR IMMEDIATE SALE ON A FIRST COME FIRST SERVE BASIS SUBJECT TO PRIMARY RESIDENCE REQUIREMENTS BUT NO MAXIMUM INCOME OR ASSET RESTRICTIONS.140 EDGECOMBE AVENUE CONDOMINIUMS CONSISTS OF FIVE TWO-BEDROOM, TWO-BATHROOM, FLOOR-THROUGH UNITS IN A FULLY-RENOVATED BUILDING. THE BUILDING RENOVATION INCLUDED THE INSTALLATION OF AN ELEVATOR, ALL NEW PLUMBING AND ELECTRICAL SYSTEMS, INTERIOR CONSTRUCTION (NEW WALLS, FLOORS, CEILING, ETC.), INSULATED WINDOWS, NEW ROOFING, AN AUDIO-VISUAL INTERCOM SYSTEM AND WIRING FOR TELEPHONE, CABLE TV AND PCS. THERE IS A SHARED STORAGE AREA AT THE BASEMENT-LEVEL AND A SHARED REAR YARD. EACH UNIT OCCUPIES AN ENTIRE FLOOR IN THE BUILDING AND FEATURES CEILING HEIGHTS OF APPROXIMATELY 10-FEET, AMPLE CLOSET SPACE, OAK FINISHED FLOORS, MODERN KITCHENS WITH DISH WASHERS, CERAMIC TILED BATHROOMS AND A WASHER/DRYER CLOSET (WASHER AND DRYER NOT INCLUDED).
140 E
DGECOMBE IS LOCATED ON A QUIET STREET AND IS ALSO ONLY A FEW BLOCKS AWAY FROM CITY COLLEGE, LONDEL'S RESTAURANT, THE HARLEM SCHOOL OF THE ARTS, ST. NICHOLAS PARK, PATHMARK, THE NY SPORT CLUB, THE A, B, C AND D TRAINS AND MORE. IT OFFERS VALUE AND CONVENIENCE.T
HE ONLY UNIT THAT REMAINS FOR SALE IS UNIT 1. IT IS A COMFORTABLE 872 SQUARE FOOT GROUND FLOOR UNIT THAT FEATURES AN OPEN KITCHEN AND HAS A SUBSIDIZED SALES PRICE OF $295,000.MONTHLY COMMON CHARGES ARE ESTIMATED AT $772.80. ASSUMING A MINIMUM DOWN-PAYMENT OF 5% AND A 30-YEAR FIXED-RATE MORTGAGE AT A 5% INTEREST RATE, THE MINIMUM HOUSEHOLD INCOME REQUIRED TO PURCHASE THIS UNIT IS ESTIMATED TO BE APPROXIMATELY $76,500. NO MAXIMUM HOUSEHOLD INCOME OR ASSET LIMITS APPLY. PURCHASERS WHO REQUIRE A CONDOMINIUM LOAN MUST QUALIFY FOR SAME. BUYERS MUST OCCUPY THE CONDOMINIUM UNIT AS THEIR PRIMARY RESIDENCE. CLOSING COST ASSISTANCE MAY BE AVAILABLE TO ELIGIBLE PURCHASERS. THE QUOTED SALES PRICES, MINIMUM REQUIRED HOUSEHOLD INCOME, MONTHLY PAYMENTS, SQUARE FOOTAGE, ETC. ARE ESTIMATES AND SUBJECT TO CHANGE.
HOW TO APPLY: APPOINTMENTS TO VIEW UNIT 1 MAY BE SCHEDULED BY CONTACTING HARLEM CDC, THE MARKETING AGENT FOR THIS PROJECT, AT THE NUMBER INDICATED BELOW AND SPEAKING WITH FRANCISCO GUZMAN. APPLICATIONS MAY BE REQUESTED BY PHONE OR FAX AT THE ADDRESS, TELEPHONE AND FAX NUMBERS INDICATED BELOW.
H
ARLEM CDC, 163 WEST 125TH STREET, 17TH FLOOR, NEW YORK, NY 10027T
EL: 212-961-4169 / FAX: 212-961-4143N
O APPLICATION FEE. NO BROKER FEE. CREDIT CHECK FEES APPLY AND ARE DUE AT THE TIME OF THE QUALIFICATION INTERVIEW WITH HARLEM CDC. THE CREDIT CHECK FEE IS $25 PER INDIVIDUAL (E.G.: TWO UNMARRIED INDIVIDUALS APPLYING TOGETHER PAY $50) AND $40 FOR MARRIED COUPLES.T
HE COMPLETE OFFERING TERMS ARE INCLUDED IN THE 140 EDGECOMBE AVENUE CONDOMINIUM OFFERING PLAN, AS AMENDED, AVAILABLE FROM THE SPONSOR. FILE NO.: CD070157S
PONSOR: SPONSOR: 140 EDGECOMBE LLC, 3152 ALBANY CRESCENT, BRONX, NY 10463.# # #
COOPERATIVE APARTMENTS FOR SALE AT 29 WEST 138TH STREET IN MANHATTAN
Beacon Towers Affordable Apartments consists of 54 cooperative residences with 2-bedroom apartments available for income eligible homeowners. The apartments have custom-built Italian style kitchen cabinets, energy-efficient windows, a ceramic tiled bathroom and a laundry closet. Each apartment is pre-wired for cable TV and Internet. A landscaped exterior courtyard provides an outdoor area for relaxation and interaction. An equipped fitness room is accessible and free to all residents.
BEACON TOWERS AFFORDABLE COOPERATIVES
Beacon Towers is an 8-story residence at 29 West 138
th Street in Manhattan. We are offering cooperative apartments with shares for sale with income and resale restrictions ready for occupancy in March 2009.Beacon Towers Affordable Apartments consists of 54 cooperative residences with 2-Bedroom apartments available for income eligible homeowners. The apartments have custom-built Italian Style Kitchen Cabinets, Energy-Efficient Windows, a Ceramic Tiled bathroom and a Laundry Closet. Each apartment is pre-wired for cable TV and internet. A landscaped exterior courtyard provides an outdoor area for relaxation and interaction. An equipped fitness room is accessible and free to all residents. We now have 34 2-Bedroom apartments available with approximately 800 to 900 sq. ft., priced from $310,000.00 to $429,000.00; and 1 1-Bedroom apartment available with approximately 600 sq.ft., priced at $282,000; the monthly mortgage and maintenance payment for a Beacon Towers Affordable APARTMENT is estimated to range from $2,200.00 to $3,200.00.
All apartments will be available on a
FIRST COME FIRST SERVED basis with NO BOARD APPROVAL needed.The below Market Prices will not last, we anticipate an overwhelming response.
Approximate minimum annual incomes are estimated to be $85,000.00 with a 5% deposit. Maximum annual income is $192,000.00. Purchasers who desire cooperative loan financing must qualify for same. The quoted sales prices, minimum, and maximum required household incomes, monthly payments, and square footage are estimates and subject to change. Buyers must occupy the apartment as their primary residence and meet additional public agency income requirements.
HOW TO APPLY
Apartment tours are scheduled by appointment and applications may be requested
on-line, by phone, or by fax from the sales office indicated below.Beacon Towers
29 West 138
th StreetNew York, New York 10037
Call (212) 368-5247
Fax (212) 368-5692
WEBSITE: www.Beaconaffordable.com
Sales Office Hours: Tuesday and Thursday 1PM-7PM, Saturday and Sunday 12PM-4PM:
Applicants who currently own, or have in the last 5 years owned, a residence developed under an HPD, Housing Partnership, or NYC Housing Development Corporation project or program are ineligible.
No application fee. No broker fee. Credit check fees apply and are due at time of qualification interview only.
The Complete Offering Terms are included in The Beacon Towers Offering Plan, as amended, available from the
Sponsor. File No. C-080002
Sponsor: Beacon Towers LLC, 110 York Street, 6
th Floor, Brooklyn, New York 11201# # #