Lottery Open For New Affordable Condos In Rye Brook

RYE BROOK, 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.

The Housing Action Council announced that there is a new chance for fair and affordable homeownership in Rye Brook and applications are now being accepted.

Brookridge Gardens townhouse-style condominiums are located at 263-265 North Ridge Street in the Village of Rye Brook. There will be four units located in two two-story buildings. Each unit will have a separate entrance, 2.5 bathrooms, a living room, a dining area, kitchen with a pantry and Energy Star appliances, hardwood floors, hook-ups for a washer/dryer, gas-fired heating and cooling. The three-bedroom units will be approximately 1800 square feet with a patio, one-car garage and additional outdoor parking. A condo association will be responsible for maintaining sidewalks, roads, driveways, the parking area and roofs.

The sale price of a three-bedroom condo is estimated to be $270,000. Estimated monthly real estate taxes will be $750, while estimated monthly common charges will be $150. There is a minimum occupancy requirement of 3 people per condo.

The condos are available to those with a household income below 80 percent of the average monthly income in the region. In order to qualify, a three-person household can have a maximum income of $91,800, while a six-person household can earn up to $118,300.

The homes are located conveniently close to the Rye Ridge Shopping Center, Metro-North, the Hutchinson River Parkway, I-287 and I-95. Manhattanville College, SUNY Purchase, Pace University, Pepsico, White Plains Hospital and Greenwich Hospital are also nearby.

Residents of Brookridge Gardens will be served by the Blind Brook-Rye Union Free School District.

The developer is Port Chester-based Lazz Development, whose portfolio also includes similar developments in the City of Rye, the Village of Rye Brook and the Village of Port Chester.

A brochure and affordability analysis for Brookridge Gardens are available. The application can be found here. The submission deadline is April 29, and the lottery will be held May 6.

Additional questions can be emailed to hac@affordablehomes.org or call 914-332-4144.