For $209K, Renovated two-bedroom co-ops available at 152 East 116th Street

152 East 116th Stret (red brick with the baby blue trim) has two-bedroom co-ops available for $209K (Ondl/CityRealty)

Tuesday, Mar 10, 2020 By CityRealty Staff, CityRealty contributor

On Wednesday, March 11, community organization El Barrio Operation Fightback will host an informational session related to newly converted HDFC cooperatives at 152 East 116th Street. Two- to five-person households earning 90 percent of the area median income ($70,672-$103,770) are eligible to apply for 6 two-bedroom apartments estimated to cost $208,854, or less than half the median price of similarly sized East Harlem co-ops (per CityRealty listings). Further details and criteria can be found here, and the information session will take place at El Barrio Art Space, 215 East 99th Street, at 6:00 p.m. Attendance is not mandatory to participate in the lottery, and all applications must be postmarked by March 19.

Lottery criteria via El Barrio Operation Fightback

The one-time rental was transformed under NYC Housing Preservation & Development’s Affordable Neighborhood Cooperative Program, which creates affordable co-ops for low- and moderate-income households. As such, the kitchens have been updated with energy-efficient appliances, and all apartments now have in-unit washer/dryers. Moreover, the property will have a 40-year Article XI tax exemption.

From the corner of Lexington and 116th Street (CityRealty)

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For $209K, Renovated two-bedroom co-ops available at 152 East 116th Street

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