Tuesday, April 26, 2011

☞ INTRODUCING: Beacon Towers at 90 Percent

Some recent press reports that 90% of units are sold or under contract at the Beacon Towers affordable cooperative development in Central Harlem. The 8-story, newly constructed building at 29 West 138th Street between Lenox and 5th Avenues, is comprised of 73 residences which were developed as a direct response to the need for affordable housing in New York City.  According to Streeteasy, most of units sold in the past year and five contracts are currently out along with seven available units: LINK

Of the seven remaining units, six are reserved for middle income families and average prices are $275,000 for one bedroom homes and $378,200 for two bedroom homes. One market rate unit is also available for the price of $499,000 for a two bedroom apartment. Construction is complete with immediate occupancy available and no board approval required. The salary cap for qualifying for the income-restricted units at Beacon Towers is at $192,000.  More details can be found at: www.BeaconTowersLiving.com

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