Caribbean Life, JANUARY 15-21, 2021 17
Affordable Cooperative Coming Soon at 508 West 134th Street
508 West 134th Street LLC is pleased to announce that applications are now being accepted for
4 newly renovated Cooperatives at 508 West 134th Street, New York, NY 10031.
MANHATTANVILLE
Amenities: Renovated and in Move-in condition, New Kitchens and Baths, New Electrical, Heating and Plumbing systems, and
Energy Efficient Appliances, Fixtures, Doors and Windows. Property will have a 40-year Article XI Tax Exemption.
Description: Walk-up Building, No Laundry
Transit: Train: 1 - Bus: M11
No fee to apply • No broker’s fee • More information: www.MDGNY.com
This building was renovated through the Affordable Neighborhood Cooperative 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
I
ncome Eligible Applicants must also be eligible to qualify for a grant from
New York State Affordable Housing Corporation.
Eligible buyers should have 3% of the purchase price available for down payment and be eligible to receive a NYS AHC Grant.
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 COOPERATIVE 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:
Unit Size
110% AREA MEDIAN INCOME
(AMI) UNITS
Units
Available Household Size1 Total Annual Income Range
Minimum – Maximum2
Asset Limit3
($198,975 + required
down payment
amount)
Estimated
Subsidized
Sales Prices4
Estimated
Monthly
Carrying
Cost5
2 bedroom 1
2 people $61,000 - $100,100
$203,095 $137,338 $1,736 3 people $61,000 - $112,640
4 people $61,000 - $125,070
5 people $61,000 - $135,080
3 bedroom 3
3 people $73,000 - $112,640
$203,660 $156,194 $2,114
4 people $73,000 - $125,070
5 people $73,000 - $135,080
6 people $73,000 - $145,090
7 people $73,000 - $155,100
1 Subject to occupancy criteria
2 Income guidelines subject to change.
3 Minimum incomes are approximate and are estimated based on a purchaser contributing a 3% down payment and eligibility for subsidy.
4 Estimated Subsidized Sales Price reflects the net sales price based on eligibility for purchaser subsidy.
5 Estimated Monthly Carrying Cost includes: Mortgage Principle, Mortgage Interest, Maintenance, Real Estate Taxes, and Insurance
How Do You Apply?
APPLY ONLINE: www.housingconnect.nyc.gov/PublicWeb/
To request an application by mail, send a self-addressed envelope to: 508 W.134th Street Coop, c/o Concord Mgt, 170 Froehlich Farm Blvd, Woodbury NY
11797. 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 January 27, 2021 at 6:30PM at
https://nychpd.webex.com/nychpd/j.php?MTID=mbc5220fe4713673ee19764949bd105ae
Meeting number: 179 452 2592
Password: VFmpcptV323
Seminar attendance is not mandatory to purchase a home.
To Request the Frequently Asked Questions document, email CityCollegeCoops@gmail.com.
When is the Deadline?
Applications must be postmarked February 16, 2021.
What Happens After You Submit an Application?
After the deadline, applications are selected for review through a lottery process.
If yours is selected and you appear to qualify, you will be invited to an appointment to review your documents and to continue the process of determining your eligibility.
Appointments 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.
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 an Exemption Application filed with the New York State Department of Law, file number C 170001. Sponsor: 508 WEST 134th Street LLC c/o MDG, 170
Froehlich Farm Blvd, Woodbury NY 11797.
Español Para solicitar por correo una solicitud de este anuncio en “ESPAÑOL”, envíe un sobre con su nombre y dirección como destinatario a la siguiente dirección: 508 W.134th Street Coop, c/o
Concord Mgt, 170 Froehlich Farm Blvd, Woodbury NY 11797. En la parte posterior del sobre, escriba en inglés la palabra “SPANISH”. Para descargar una solicitud en línea haga clic
aquí: https://housingconnect.nyc.gov/PublicWeb/. Las solicitudes deben tener el sello postal con fecha del 16 de febrero 2021 o anterior.
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