Why 2017 could be make-or-break for New York's affordable HDFC co-ops

… carving out exceptions for apartments that were already purchased at a higher price Many HDFC buildings currently … for equivalent to or more than her original six figure purchase price a neighbor with an exactly equivalent …

By Virginia K. Smith |January 12, 2017 - 8:59AM
Why are rich kids able to buy affordable HDFC apartments?

… are subsidized coop buildings with strict income caps for purchasers and generally much lower sale prices than … Another factor that favors welloff buyers looking for HDFCs purchases of these apartments frequently require an allcash … Additionally some HDFC buildings will insist on an allcash purchases in order to build up their depleted reserve funds …

By Virginia K. Smith |September 27, 2016 - 8:59AM
These apartments don't need 20 percent down payments

… … The requirements that buyers need to meet in order to purchase a property here in New York Cityusually 20 percent … to own he says Buying a sponsor unit also means that the purchaser gets to skip over the dreaded board interview as … mortgage is the only thing they need to obtain in order to purchase he says Just remember that even if a building …

By Leah Hochbaum Rosner |December 14, 2015 - 8:59AM
How I found my $386K HDFC apartment after a three-year search

… sorts in the New York real estate world To be eligible to purchase an HDFC coop you need to be paycheckpoor but …

By Craigh Barboza |October 22, 2015 - 8:59AM