NEW YORK (PIX11) – Would you like to buy a pet-friendly Manhattan apartment starting at just $185,000?
One co-op building in Upper Manhattan is offering New Yorkers earning between $96,653 and $252,480 annually a chance at ownership in the city that never sleeps.
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640 Riverside Drive, a Housing Development Fund Corporation, has 44 vacant units for sale ranging in size from studio apartments to three-bedroom apartments.
Studios start at $185,000.
One-bedrooms are $253,080 and $219,040, depending on income and family size. Two-bedrooms are listed at an estimated $253,080, and three-bedrooms are listed at $295,630 and $287,120, according to the estimated sales price on the Housing Connect website.
HDFC co-ops differ from condos and rentals, as residents buy shares in a corporation owning the building, not directly owning their apartment. HDFC co-ops are income-restricted and supervised by HPD.
These apartments are income-restricted and must legally stay affordable for low- to middle-income buyers in New York City. They are priced well below the median asking price of nearly $1.4 million, as reported by StreetEasy, with the overall median across the five boroughs at $999,000, just under $1 million.
If you are interested in buying these or any other co-op options, click here.
Matthew Euzarraga is a multimedia journalist from El Paso, Texas. He has covered local news and LGBTQIA topics in the New York City Metro area since 2021. He joined the PIX11 Digital team in 2023. You can see more of his work here.
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