WASHINGTON HEIGHTS, NY — First-time homebuyers can apply for a lottery to purchase one of 20 income-restricted co-op apartments in Washington Heights.
The homes are in two buildings at 9 Fort Washington Ave. and 609 W. 158th St.
The lottery includes eight one-bedroom apartments, 10 two-bedroom apartments and two three-bedroom apartments.
Prices range from about $193,878 to $274,084, according to lottery information.
Household income requirements vary by apartment size and household size, with eligible annual incomes ranging from about $75,000 to $231,000. The apartments are designated for households earning up to 110 percent of the area median income.
Applicants must be first-time buyers and use the apartment as their primary residence. Buyers must also have at least 3 percent of the purchase price available for a down payment.
The monthly carrying charge, mortgage, utilities and insurance are additional costs.
Applications are due Nov. 20 through NYC Housing Connect.
MHANY Management, which is handling the opportunity, is also holding an online information session Nov. 10 at 5:30 p.m. Learn more here.
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