2-BR Mitchell-Lama co-ops on UWS to be sold

The city’s Department of Housing Preservation and Development (HPD) is once again advertising a lottery for New York State residents to be placed on a waiting list for a two-bedroom apartment on Manhattan’s Upper West Side.

The co-op’s purchase price is only $26,376 with carrying charges of $357 to $688, depending on the number of dependents.

In its typically impenetrable and incomplete Web site, HPD does not make clear just what is available or where.  It is conceivable, but unlikely, that a single unit is to be sold in the mystery building.

Income limits are $14,285-85,563 for families with fewer than two dependents and up to $107,328 for those with two dependents or more.  Two-bedroom apartments specify occupancy by at least “three persons, a brother and a sister who are both adults, or a parent or guardian with at least one child of any age.”

Frankly, I can’t reconcile all the numbers, so I hope you can.

To enter the lottery, the department must receive your postcard by June 27. If you mail more than one postcard, you will be disqualified.  Don’t even think about registered or certified mail.

Include your clearly printed name and address and mail to P.O. Box 3066, Grand Central Station, New York, NY 10163.

There will be 500 lottery winners, who will be required to pay $200 with their applications, of which $50 will not be refunded should they fail to purchase an apartment.  Losing lottery participants will not be notified.

Applicants must beat least 18 years old by the time of the lottery and financially responsible. Preference is given to documented veterans.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Web site

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