Streetview of 644 Riverside Drive © 2024 Google Maps
In Hamilton Heights, a co-op building opened a lottery this week for affordable apartments available for purchase. On the corner of West 142nd Street and Riverside Drive, the pre-war building was acquired by the city in 2003 and sold to a nonprofit group to rehabilitate and turn it into affordable housing as part of the city’s currently-paused Third Party Transfer (TPT) program. Earlier this month, a lottery opened for 24 units at 644 Riverside Drive, priced from $100,794 for a one-bedroom to $156,331 for a five-bedroom.
The Park Towers HDFC apartments available for purchase have been fully upgraded, with new stainless steel appliances and hardwood floors. The upper floors boast great views of the Hudson River and the George Washington Bridge.
New Yorkers must earn 120 percent of the area median income to be considered eligible, which ranges from $70,462 annually for a single-person household to $303,360 for an 11-person household. Buyers must be first-time homeowners, have at least 10 percent for a down payment, and plan to live at the residence full-time…