1 Affordable Condo For Sale In Larchmont Is Now Accepting Applicants

LARCHMONT, NY — A great deal on a new home in a desirable location could be in the cards for those who qualify and have a little bit of good luck on their side.

Westchester Residential Opportunities announced that there is a new chance for fair and affordable homeownership in Larchmont and applications are now being accepted.

An 826-square-foot, "beautifully maintained," one-bedroom, one-bathroom condominium is available for re-sale in The Pinebrook Condominium, located at 2101 Palmer Ave. The community has two garden-style buildings. Each floor has a meeting room, and a small gym containing a treadmill and an elliptical.

Unit 206 "offers the perfect combination of comfort, convenience, and modern updates." Amenities include wood laminate flooring throughout (2018), plush bedroom carpeting (2023), tiled kitchen flooring, kitchen appliances and a new kitchen faucet, a "stylish" bathroom vanity and light fixtures (2022), ceiling fans in the bedroom and dining room, ample storage space (large pantry closet, two hallway closets, a walk-in bedroom closet), a washer/dryer, central air and heat, and one covered parking space (an additional parking space can be purchased, if needed).

The gross affordable sale price of the condo is estimated to be $303,042. The net affordable sale price, after a NYSAHC loan subsidy, is estimated to be $263,042.

Estimated monthly real estate taxes will be $176, while estimated monthly common charges will be $283.

The occupancy for this condo is one to three people. It is required that the home be the purchaser's principal place of residence.

The condo is available to those with a household income below 80 percent of the average monthly income in the region. In order to qualify, the household sizes and maximum incomes are as follows:

• one-person household, maximum income of $87,500
• two-person household, maxium income of $99,950
• three-person household, maximum income of $112,500

The Pinebrook Condominium buildings are zoned to the Mamaroneck Union Free School District.

The building is located close to the Bee-Line bus route, and is 5-minute walk to the Metro-North station. There are several downtown shops, restaurants, schools and a park nearby.

A brochure and application, along with photos, can be found here. The submission deadline is February 13, 2025 at 4 p.m. Completed applications will be accepted on a first come, first served basis. Any applications received after the deadline will be waitlisted.

For additional information, contact Westchester Residential Opportunities at 914-428-4519 or email this address.