A $10K Co-Op in New York City? Yes, With a Few Caveats

There is a way to buy a New York City apartment for less than $10,000—and that is not mistakenly leaving out two zeroes.

Nor is this a rental. This is homeownership—an actual Big Apple apartment for less money than it would take to buy a small plot of land in the middle of nowhere.

The deal is being offered through the city’s housing lottery system, which offers New York City residents with qualifying incomes homeownership and rental opportunities at below-market rates…

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