☞ DWELL: Beacon Towers at 93% Sold

A press release received in our inbox has confirmed that that 93% of units have been sold at the Central Harlem cooperative called Beacon Towers. The eight-story development, located at 29 West 138th Street between Lenox and 5th Avenues, is comprised of 73 residences with five remaining units.

Out of the last units available, there is a one bedroom priced at $275,000, while two bedrooms start at $335,000. Down payments of 3.5% are accepted and financed through The State of New York Mortgage Agency (SONYMA) loan program, which features below-market interest rates.

Construction on the project is complete and immediate occupancy is available with no board approval required. Since Beacon Towers was built with the middle class buyer in mind, the combined qualifying
salary cap for the income-restricted units at Beacon Towers is $204,500. More details at: www.BeaconTowersLiving.com