Condo/Co-op of the Day

Williamsburg HDFC Co-op With Renovated Kitchen, Bath Asks $525K

Move-in ready, this income-restricted co-op one-bedroom isn’t overflowing with closet space, but it does have a flexible floor plan and an office nook in the renovated kitchen.

living room with ceiling fan and built-in shelves

by Susan De Vries

07/24/2023 0

Move-in ready, this income-restricted co-op one-bedroom isn’t overflowing with closet space, but it does have a flexible floor plan and an office nook in the renovated kitchen. There are six units in the Housing Development Fund Corporation (HDFC) co-operative at 231 Maujer Street, a 19th century walk-up building.

The railroad apartment has windows at the front and rear of the space with two windowless rooms in between. The windowed street-facing room is set up as a living room with two windows, a ceiling fan, and built-in shelves.

At the rear of the unit, the kitchen doesn’t include a dishwasher, but does have a fair number of cabinets and has room to place a desk near the window for a work-from-home space.

The updated bathroom has a clawfoot tub, white subway tile walls, and a black and white hex-tile floor.

The listing notes the building is pet friendly, has a new laundry room and storage space, and allows 90 percent financing. Maintenance for the unit is $806 per month.

Income is capped at 165 percent of the Area Median Income to qualify for the unit, according to the listing. At the moment, that would be $137,940 for a household of one or $157,575 for a household of two. More information on qualifying for HDFC properties can be found online at HPD.

The unit was already renovated when it last sold in 2020 for $410,000, old listings show. Listed with Maurice Singer of The Agency, it is priced at $525,000. Worth the ask?

[Listing: 231 Maujer Street #2-B | Broker: The Agency] GMAP