{"id":268942,"date":"2026-06-16T21:45:13","date_gmt":"2026-06-16T21:45:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/268942\/"},"modified":"2026-06-16T21:45:13","modified_gmt":"2026-06-16T21:45:13","slug":"you-could-own-a-nyc-apartment-for-just-11k-in-this-ultra-rare-listing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/268942\/","title":{"rendered":"You could own a NYC apartment for just $11k in this ultra-rare listing"},"content":{"rendered":"

\t\t\t\t\t\t\t\"You<\/p>\n

\t\t\t\t\t\t\t\t\tSource \/ New York Homes and Community Renewal <\/p>\n

\t\t\t\"\"<\/a><\/p>\n

\n\t\t\t\t\u00a0\u2013\u00a0
\n\t\t\t\tJunior Staff Writer\n\t\t\t<\/p>\n

\t\t\t\u00a0\u00b7\u00a0
\n\t\t\tJune 16, 2026<\/p>\n

With housing costs continuing to climb across New York City, the idea of homeownership can feel increasingly out of reach for many residents. But a new opportunity in the Bronx is turning heads, offering a rare chance to own a cooperative apartment for prices starting as low as $11,000.<\/p>\n

A waitlist has officially reopened for available units at Mayflower Terrace, located at 1720 Mayflower Avenue in Pelham Bay. The Mitchell-Lama housing cooperative includes a limited number of apartments with significantly reduced purchase prices compared to typical NYC real estate, along with monthly maintenance fees designed to keep long-term costs more manageable.<\/p>\n

The building offers a range of unit sizes, making it accessible to different household needs\u2014from single residents to larger families. <\/p>\n

Studio apartments start at just $11,000 with monthly maintenance fees of about $690, while one-bedroom units range from $13,000 to $17,600. Two-bedroom apartments are priced between $17,000 and $21,500, and three-bedroom units range from $20,100 to $23,200.<\/p>\n

\u2705 Income and household eligibility requirements<\/p>\n

Eligibility is based on both income and household size, with guidelines designed to support a wide range of New Yorkers. Studios and one-bedrooms are available to households earning up to $108,700 and $124,300 respectively, while larger units extend eligibility up to $180,100 for qualifying families of up to six people.<\/p>\n

These income thresholds ensure the development remains accessible to middle- and moderate-income residents who might otherwise be priced out of homeownership in the city.<\/p>\n

\"\"Source \/ New York Homes and Community Renewal <\/p>\n

New Yorkers interested in applying can submit an application online<\/a>, or request a paper application by calling (212) 560-6484 or emailing creyes@centuryny.com. Additional listing information is also available through the New York State Housing Search portal.<\/p>\n","protected":false},"excerpt":{"rendered":"Source \/ New York Homes and Community Renewal \u00a0\u2013\u00a0 Junior Staff Writer \u00a0\u00b7\u00a0 June 16, 2026 With housing…\n","protected":false},"author":2,"featured_media":268943,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-268942","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/268942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=268942"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/268942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/268943"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=268942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=268942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=268942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}