NYC Lottery Program Offering New Belle Gardens CoOps For Sale Near East New York 10% Down

NYC Housing Connect

News Distributed by NYC Newswire

Belle Gardens offers newly constructed one- and two-bedroom co-op apartments designed to make homeownership accessible to eligible buyers. Located in Ocean Hill Brownsville at 20 Suydam Place, 37 Rochester Avenue, and 331 & 335 Ralph Avenue, Brooklyn, NY 11233, this opportunity is part of the NYC  Affordable housing program.

Don’t miss your chance—the deadline to apply is January 8, 2025.

Prime Locations with Modern Amenities

Belle Gardens provides residents with thoughtfully designed living spaces and convenient features. Highlights include:

•Landscaped rear yards for relaxation.

•A 7th-floor outdoor terrace at 335 Ralph Avenue for additional enjoyment.

•Smoke-free living environment.

•Security cameras for enhanced safety.

•In-unit washers and dryers for convenience.

•Accessible entrances for ease of use.

(Amenities vary by unit.)

Eligibility Requirements

To qualify for this affordable housing opportunity, buyers must meet the following criteria:

•Have 10% of the purchase price available for a down payment.

•Use the co-op as their primary residence.

•Be a first-time buyer (those who currently own or have previously owned residential property are ineligible).

•Cover their own electricity costs.

NYC Housing Connect

Affordable Housing Program Benefits

Belle Gardens is part of the OPEN-DOOR Program and benefits from an Article XI Tax Exemption through the NYC Department of Housing Preservation & Development. This ensures long-term affordability while fostering community growth and development.

How to Apply

No deposits or application fees are required to apply.

Request FAQs: Email bellegardens@housingpartnership.com for the FAQ document.

Learn More: Visit thebellegardens.com for detailed information.

Take the first step toward affordable homeownership and explore all that Belle Gardens has to offer. Apply today and make Brooklyn your home!

Preferences and Set-Asides

A percentage of units are reserved for:

  • Mobility and vision/hearing accessibility
  • Residents of Brooklyn Community Board 3
  • NYC employees

Key Notes

This is an equal housing opportunity. Buyers will find complete offering terms in the Cooperative Information Package provided by the sponsor.

Take advantage of this unique chance to become a homeowner in Brooklyn while enjoying the benefits of affordable housing and modern amenities.

NYC Housing Connect

Available Condo/Coops & Requirements

1-Bedroom Units

90% AMI Units

  • Units Available: 1
  • Household Size and Income Ranges:
    • 1 person: $83,126 – $97,830
    • 2 people: $83,126 – $111,870
    • 3 people: $83,126 – $125,820
  • Details:
    • Asset Limit: $292,357
    • Monthly Maintenance: $858
    • Estimated Sales Price: $205,827
  • Units Available: 1
  • Details:
    • Asset Limit: $293,982
    • Monthly Maintenance: $739
    • Estimated Sales Price: $222,074

110% AMI Units

  • Units Available: 1
  • Household Size and Income Ranges:
    • 1 person: $96,594 – $119,570
    • 2 people: $96,594 – $136,730
    • 3 people: $96,594 – $153,780
  • Details:
    • Asset Limit: $304,144
    • Monthly Maintenance: $675
    • Estimated Sales Price: $323,694
  • Units Available: 3
  • Details:
    • Asset Limit: $304,351
    • Monthly Maintenance: $675
    • Estimated Sales Price: $325,769
  • Other Available Units:
    • Asset Limits: Range from $298,941 to $303,146
    • Monthly Maintenance: Range from $707 to $746
    • Estimated Sales Prices: Range from $271,660 to $313,715

2-Bedroom Units

  • Household Size and Income Ranges:
    • 2 people: $108,248 – $136,730
    • 3 people: $108,248 – $153,780
    • 4 people: $108,248 – $170,830
    • 5 people: $108,248 – $184,470
  • Units Available: 1
    • Asset Limit: $307,987
    • Monthly Maintenance: $992
    • Estimated Sales Price: $362,129
  • Units Available: 5
    • Asset Limit: $306,853
    • Monthly Maintenance: $1,080
    • Estimated Sales Price: $350,782
  • Other Available Units:
    • Asset Limits: Range from $306,619 to $309,474
    • Monthly Maintenance: Range from $898 to $1,080
    • Estimated Sales Prices: Range from $348,440 to $376,991

130% AMI Units

1-Bedroom Units

  • Units Available: 1
  • Household Size and Income Ranges:
    • 1 person: $113,852 – $141,310
    • 2 people: $113,852 – $161,590
    • 3 people: $113,852 – $181,740
  • Details:
    • Asset Limit: $308,705
    • Monthly Maintenance: $674
    • Estimated Sales Price: $369,303
  • Units Available: 3
    • Asset Limit: $308,868
    • Monthly Maintenance: $675
    • Estimated Sales Price: $370,936
  • Other Available Units:
    • Asset Limits: Range from $306,767 to $310,044
    • Monthly Maintenance: Range from $746 to $801
    • Estimated Sales Prices: Range from $349,921 to $380,695

2-Bedroom Units

  • Household Size and Income Ranges:
    • 2 people: $134,837 – $161,590
    • 3 people: $134,837 – $181,740
    • 4 people: $134,837 – $201,890
    • 5 people: $134,837 – $218,010
  • Units Available: 3
    • Asset Limit: $316,118
    • Monthly Maintenance: $992
    • Estimated Sales Price: $443,430
  • Units Available: 2
    • Asset Limit: $313,407
    • Monthly Maintenance: $992
    • Estimated Sales Price: $416,329
  • Other Available Units:
    • Asset Limits: Range from $314,741 to $316,378
    • Monthly Maintenance: Range from $898 to $965
    • Estimated Sales Prices: Range from $429,664 to $446,031

APPLY HERE!

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