Are You Tired of slowly being priced out of New York City real estate? The cost of owning a apartment in the city is so remote for some of us that its not even considered. But what if I tell you there is a way a “SECRET way” that the average person can own a apartment in the city without giving up their first born. There is a glimmer of hope through this darkness of yuppie money. The New York City Housing Preservation and Development has a program where it work with real estate developers to allow low to middle income household to buy property at a faction of the cost. Current Listings You are not buy it out right but singing up for a lottery. A chance is still a chance!
Right now the only property on the list is 110 Madison. YES AS IN MADISON AVENUE AND 29TH STREET IN THE CITY. Let me repeat that you can buy a apartment on Madison in NYC for Cheap. They go from$181,619- 185,693 for studios and a 3 bedroom is between $204-293 – 206,136.
Yes there are restrictions. But hell what the harm in trying? All you have to do is apply on the site and there you go. Apply here
These are real apartments not some ghetto as slum lord type of apartment. The only difference is that these are here because the developers have to make them for you and they have to be about the same as a regular apartment they make.
Now the restrictions!!! Each property has there own but its income based. For 110 Madison’s New York City Housing Preservation and Development program you have fall into one of the section below.
For a studio apartment you cant make more then $48,350
For a 1 bedroom apartment you cant make more then $48,350 if single or $55,250 if you have 2 people living in the apartment.
And so on and on and on for 2,3 and 4 bedroom apartments see the link above!
The secret of How to buy apartments on the CHEAP in New York City is Follow the dam link and apply. Its just like everything else in life what you put in is what you put out.