If you made more than $59,500 in either of the last two years, you can stop reading now. That’s the income cut-off to qualify as a buyer of this affordable one-bedroom co-op at 154 South 3rd Street in Williamsburg. Of course, just because it’s “affordable” doesn’t mean that it’s affordable. In this case, the asking price of $279,000 for what’s not exactly a large-looking apartment doesn’t seem like a deal to us; and even if it were, the monthly nut on this place is still going to come in around $2,000, hardly a lay-up for someone pulling down $50,000 or $55,000 a year. The seller has to try for a high price, though, if he wants to make any money: The building has a 40% flip tax.
$279000 1 Bedroom Co-op [Pari Passu] GMAP P*Shark