7 East Harlem Apartments For Sale On Affordable Housing Lottery

EAST HARLEM, NY — Seven apartments in East Harlem have been listed for sale on the city's affordable housing lottery, offering a rare homeownership opportunity at prices well below average.

Applications are now open for the seven units at 152 East 116th St., a five-story building near Lexington Avenue. The lottery was listed late last month on the Housing Connect website.

The estimated sale price for each apartment is $208,854, with a monthly upkeep fee of $1,943. (Manhattan's typical home sale price is over $660,000, according to Zillow.)

To be eligible, buyers must be able to pay 3 recent of the purchase price as a down payment, and be under the asset limit of $215,041.

The eligible household income range is between $70,672 and $85,950, with household sizes between two and five people. The deadline to apply for the lottery is Oct. 19.

The building is an HDFC co-op: the city program preserving thousands of affordable apartments across the five boroughs.

To learn more or apply online, visit the listing on Housing Connect. People can also request a paper application by mailing a self-adressed envelope to 152 East 116th St. HDFC C/O Micki Garcia Realty, 11 East 125th St., New York, NY 10035.

Informational webinars will also be held on Sept. 23 (meeting ID: 179 440 9357; password: 5D65taeyiAm) and Oct. 7 (meeting ID: 179 372 4664; password: R3wMpcFPq37). Attending the webinars is not necessary to purchase an apartment.