118 Schenectady Ave #109, Brooklyn, NY 11213

Description

BROOKLYN HOMEOWNERSHIP MAY BE MORE ATTAINABLE THAN YOU THINK!

Imagine having a place of your own in Brooklyn, with neighborhood green space just outside your door, the convenience of ground-floor living, and an opportunity for homeownership that may be more within reach than you imagined!

Welcome to Residence 109 at The Maynard, an HDFC cooperative in historic Weeksville, Crown Heights. This approximately 850-square-foot corner residence offers two bedrooms, one bathroom, and a wonderful combination of classic character and everyday convenience.

Step inside to discover impressive 9'3" ceilings, beautiful parquet hardwood floors, and oversized windows that welcome natural light from two exposures, including views toward St. John's Park. The windowed, pass-through galley kitchen features full-sized appliances and a dishwasher, with a convenient connection to the living area. The layout offers flexibility for comfortable living, dining, and working from home, while an in-unit washer and dryer, in-wall air conditioning, and private storage make everyday living that much easier.

And there's something to be said for the convenience of ground-floor living! No stairs to climb or elevators to wait for when bringing home groceries, receiving deliveries, or simply heading out for the day. The corner exposure adds natural light and a connection to the greenery across the street, creating a welcome balance of city living and neighborhood charm.

Located directly across from St. John's Park and Recreation Center, The Maynard is an elevator cooperative near the Weeksville Heritage Center, neighborhood shops, dining, and public transportation. Gated parking is also available by waitlist.

What makes this opportunity especially interesting is the cooperative's HDFC structure. While many assume income-restricted housing is only available to households with very low incomes, The Maynard allows qualifying household incomes of up to 175% of Area Median Income (AMI). Based on the provided eligibility guidelines, maximum annual household income limits range from $207,900 for a one-person household to $391,825 for an eight-person household, depending on household size.

The cooperative also has no building-imposed minimum down payment or post-closing reserve requirement, and financing with as little as 5% down may be available through participating lenders for qualified purchasers. Monthly maintenance is $746.82, including a temporary assessment of $114.88 scheduled through December 2027. There is currently no flip tax, and pets are permitted subject to cooperative rules.

As an HDFC cooperative, household income eligibility requirements apply, and the apartment must be used as the purchaser's primary residence. Subletting is not permitted, all purchases require cooperative board approval, and financing is subject to lender approval.

A Brooklyn home of your own, with everyday conveniences, neighborhood green space, and a homeownership opportunity worth exploring.

*Some images are virtually staged for visual illustration.