![]() How many co-ops are in the Towers? Between the two Towers there are 811 apartments.Īre the Towers considered part of Bay Ridge? Hmmmm…. If you did not receive an application contact Shannon at also posted this update:ĭHCR – Division of Housing & Community Renewal 71 Box box #7146 at 600 Franklin Ave, Garden City has been re-opened) UPDATE: SINCE SOME PEOPLE DIDN’T GET THEIR APPLICATIONS UNTIL LATE, THE DATE WAS EXTENDED TO JANU(the P.O. Send in by: Decem– – the PO Box will be closed after this and applications won’t be accepted) Three Bedrooms: $34,400–$36,300 for families earning $96,600 or less.Ĭo-op monthly fee: $400 for the studio to $1,000 for the large three bedroom apartments, but utilities (gas, electric and water – even if you use a lot of electricity) are included (phone and cable are not). Two Bedroom: they are not accepting anyone for the two bedroom co-ops at this time. One Bedroom: $18,700–$22,700 for households making no more than $61,400 a year. You can also walk to the other side and use those elevators You can also see the Statue of Liberty and Ellis Island too.Įlevators – 2 elevators per side. You can clearly see the Macys Fireworks from the top floor balconies. The view from the higher apartments allows you to see Manhattan, Staten Island and NJ. Stories – 30 (for 260 -65th Street – the building closer to the water – 410 apartments) 28 stories are in the tower closer to 4th Avenue. You can see the original paperwork for The Towers here. ![]() The apartment you get offered may need a new kitchen or bathroom if the former owner hasn’t updated it. If you get accepted to the waiting list, you will see your number on the waiting list here. If your income changes or you are no longer interested, you will lose the $200 deposit. After available apartments are given, people remain on a wait list and the list is good for many years – until it is finished. If you make it this far, you have to pay $200. Interested applicants submited an application and then they are picked by lottery. When they accepted applications, people requested a lottery form by sending a self-addressed stamped envelope no smaller than 9-by-4 inches via United States Postal Service first-class mail by November 18th to: Election Services United, PO Box 7650, Garden City, NY, 11530. Ironically according to this article, Mitchell-Lama co-ops can be transferred as there are succession rights ( see this article in the NYT) The only way someone can live there is if they are on the record and listed on the income affidavit. In the event that a person dies, the apartment is sold to the next person on the list and the money is given to the deceased person’s estate. Since this is not an investment property, it can not be inherited. People have said that they expect 5000 applications and will put 500 on the waiting list for The Towers. ![]() You can find information about these types apartments through both he NYC’s HPD website (HPD=Housing Preservation and Development) or NYS’s Mitchell-Lama Program (which is the program that the Towers fall in) and in major newspapers, like the Daily News, the Chief or even local newspapers like the Brooklyn Paper. Yes, they are that coveted so there is a waiting lists which lasts for years (5-6+ years or until it reaches the end of the list). These apartments are done by application and then a lottery to get on a waiting lists. Purchasing a co-op makes you a shareholder in the building. The name Mitchell-Lama came from the two politicians who made the bill to create this type of housing in NYC. You must fall in the income limits seen here. ![]() The Bay Ridge Towers (also formerly known by: Bay Ridge Air Rights, Inc.) are part of the New York State Mitchell-Lama buildings program which are co-ops which are low cost and geared at middle income people. Many people are interested in living an apartment in the The Towers because they have heard it is inexpensive.Ĭo-ops in the Towers are far below the market value at $13,500 (for a studio) – $36,300 (for a three bedroom) PLUS a monthly fee of $400 for the studio to $1,000 for the three bedroom (covers maintenance, utilities and security). I'm the Queen of the Click.Brooklynite taking over the world from her computer. ![]()
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