Here’s your chance to buy a cheap 2-BR UWS co-op

A Mitchell-Lama building somewhere in Manhattan.

“Chance” is the operative word in the headline.

That’s because the city’s has announced the establishment of a new lottery for the purchase of Mitchell-Lama co-ops in Manhattan for a virtual song.

According to an ad in the Times, “waiting lists are being opened” for Upper West Side apartments ranging in size from studio to two-bedroom.  As is the practice of the Department of Housing Preservation and Development, however, there is no clue either in the ad or on the department’s Web site just which buildings will be available.

If you Continue reading