Affordable Condominiums for Sale at 37-49 81st Street
37 81 Realty Inc. is pleased to announce that applications are now being accepted for Six new condominiums at 37- 49 81st Street, Jackson Heights, NY 11372
Amenities: BALCONY FOR SOME APARTMENTS, GARAGE PARKING (ADDITIONAL CHARGE); 421aTax Abatement
Transit: Trains: E, F, M, R and 7- Buses; Q32, Q33 and Q49
No application fee • No broker’s fee • Owner Occupancy Required
This building is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program of the New York City Department of Housing Preservation and Development.
Who Should Apply?
Individuals or households who meet the income requirements listed in the table below may apply. Qualified applicants will be required to meet additional selection criteria. General preference will be given to New York City residents
A percentage of units is set aside for people with disabilities:
- Mobility (5%)
- Vision/ hearing (2%)
Preference for a percentage of units goes to:
- Residents of Queens Community Board 3 (50%)
- Municipal employees (5%)
Eligible buyers should have 5% of the purchase price available for down payment. Please note that the quoted sales prices, maximum household income, asset limit, etc., are estimated and are subject to change.
EACH BUYER MUST OCCUPY THE CONDOMINIUM APARTMENT AS THEIR PRIMARY RESIDENCE.
ANY PROSPECTIVE APPLICANT WHO CURRENTLY OWNS OR PREVIOUSLY HAS PURCHASED A RESIDENTIAL PROPERTY IS INELIGIBLE.
The estimated sales prices, unit sizes, and income requirements are as follows:
* Subject to occupancy Criteria
** Income guidelines subject to change; larger down payments may allow for lower minimum incomes.
*** Asset limit subject to change
**** Estimated Monthly Carrying Costs include Common Charges, Mortgage Principle and Interest, Real Estate Taxes, and Insurance
How Do You Apply?Download Application
To request an application by mail, send a self-addressed envelope to: 81st Street Condominiums, c/o Housing Partnership Development Corporation, 242 West 36th Street, 4th floor, New York, NY 10018. Only send one application per development. Do not submit duplicate applications. Applicants who submit more than one application may be disqualified.
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.
An Informational session will be held on December 5th at 6:00-7:00pm at American Family Community Services, 76—05 Roosevelt Avenue, Jackson Heights NY
Seminar attendance is not mandatory to purchase a Condominium.
When is the Deadline?
Applications must be postmarked December 19, 2018
What Happens After You Submit an Application?
Applications are processed in log number order based on set-asides and preferences order that they are received.
If yours is selected and you appear to qualify, you will be invited to an appointment to continue the process of determining your eligibility. Interviews are usually scheduled from 2 to 10 months after the application deadline. You will be asked to bring documents that verify your household size, identity of members of your household, and your household income.
THE COMPLETE TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR FILE NO. CD-150378. 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, as filed with the New York State Department of Law is provided to an eligible applicant.
Sponsor: 37 81 Realty Inc., 1212 Tabor Court Brooklyn New York 11219.
Mayor Bill de Blasio • HPD Commissioner Maria Torres-Springer