New Affordable Condominiums for Sale at 100 Barrow Street Condominium
100 Barrow Street LLC, is pleased to announce that applications are now being accepted for 7 affordable new condominiums now under construction at 100 Barrow Street in the West Village section of Manhattan. This building is approved to receive a Tax Exemption through the 421-a program of the New York City Department of Housing Preservation and Development.
The amenities will include bike storage, children’s playroom, common laundry, gym, kitchen, lounge, pet wash, sauna, steam room and wine room.
The estimated sales prices, unit sizes, and income requirements are as follows:
421-a Units at 125% of Area Median Income (AMI)
* Subject to occupancy Criteria
** Income guidelines subject to change
Eligible buyers should have 10% of the purchase price available for down payment. Please note that the quoted sales prices, maximum household income, amenities etc., are estimated and are subject to change.
CLICK HERE TO DOWNLOAD APPLICATION
OR REQUEST BY MAIL:
100 Barrow Street Condo, c/o Housing Partnership Development Corporation
242 W. 36th Street, 3rd Floor
New York, NY 10018
Include a self-addressed and stamped envelope.
Informational sessions will be held on:
April 6, 2017 and May 4, 2017 at 6pm at St. Luke’s School, 487 Hudson Street (between Christopher and Barrow Streets), New York, NY 10014 (Seminar will take place in the School gymnasium). Seminar attendance is not mandatory to purchase a home.
Qualified applicants will be required to meet income guidelines and additional selection criteria. Completed applications must be returned by regular mail only (no priority, certified, registered, express, oversized, or overnight mail will be accepted) to a post office box number that will be listed on the application, and must be postmarked by May 15, 2017, the deadline date. All applications postmarked after the deadline date will be set aside for possible future consideration. Applications will be selected by a lottery; applicants who submit more than one application may be disqualified. General preference will be given to New York City residents. 5% of the units are set aside for mobility-disabled applicants. 2% of the units are set aside for visual or hearing disabled applicants. Preference for a percentage of units goes to: Residents of Manhattan Community Board 2 (50%) and Municipal employees (5%).
EACH BUYER MUST OCCUPY THE HOME AS HIS PRIMARY RESIDENCE. Any prospective applicant who currently owns or previously has purchased a residential property is ineligible.
No Broker’s Fee. No Application Fee. Owner Occupancy Required.
This advertisement is not an offering. It is a solicitation of interest in the advertised property. No offering of the advertised units can be made and no deposits can be accepted, or reservations, binding or non-binding, can be made until an offering plan is filed with the New York State Department of Law. This advertisement is made pursuant to Cooperative Policy Statement No. 1, issued by the New York State Department of Law, file number CD15-0004. Sponsor: 100 Barrow Street LLC, 75 Broad Street, Suite 2100, New York, New York 10004.