Now is your chance to own a piece of Brooklyn, for as little as $13,500.
The Towers of Bay Ridge — those twin monoliths of Mitchell-Lama–style cooperative living on 65th Street — are taking hundreds of applications for the complex’s housing lottery.
And people looking for sweet digs at a low price should throw their names into the hat, according to one resident, who said you can’t beat the views or the price.
“I love living here. It makes life so much more affordable,” said Daniela Cheeseman, who has lived in the towers for eight years with her husband. “We have beautiful views of the Verrazano-Narrows Bridge, the apartment is really nice. I really encourage people to apply.”
The vaulting, 30-story towers boast basement laundry, a backyard jungle gym for little ones, and 300 parking spots (separate wait list required) for $60 a month each.
The 811-unit co-op is taking 100 applications for studio apartments, 300 for one-bedrooms, and 50 for three-bedrooms.
Lottery winners will be placed on a wait list, so even if your name is picked, you’ll have to wait for an apartment to actually open up.
But mainly, it is a crazy-cheap way to buy an apartment. Unit prices range depending on income:
• Studios are $13,500–$17,300 for households with a maximum $47,000 annual income.
• One-bedrooms are $18,700–$22,700 for households making no more than $61,400 a year.
• Three-bedrooms are $34,400–$36,300 for families earning $96,600 or less.
The co-op charges members a monthly service fee ranging from $400 to $1,000, but most of the utilities are included, Cheeseman said
Veterans and their surviving spouses get a preference in the lottery.
There is a $200, refundable application fee.
To request a lottery form, send a self-addressed stamped envelope no smaller than 9-by-4 inches via United States Postal Service first-class mail to: Election Services United, PO Box 7650, Garden City, NY, 11530.
The deadline to apply to the lottery is 9 am on Nov. 18.
©2016 Community News Group
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