Local News

No, it’s not a joke: Posh East Village apartments for just $10

It’s prime real estate in the heart of the East Village.

A new posh building called the Jupiter 21 right on 2nd Avenue and First Street, where the legendary Mars Bar used to be.

How much would you pay for a condo here?

Over a million, right?

How about just ten bucks?

Who says you have to be a millionaire to buy real estate in NYC?

They practically are giving away these apartments.

Why?

Nine very lucky people who were displaced by construction will be able to buy an apartment here for $10 tax free as part of way to balance luxury rentals and commercial space with much needed affordable housing, said Joseph Ferrara, principal of BFC Partners, the developer of Jupiter 21.

The $10 apartments are all taken but there are four still available for a very low price –$150,000, much less than market value.

The catch — your income has to be over $37,284 and less than $55,000 yearly per household.

And there are maintenance fees anywhere between $500 per month to approximately $1,000 depending on the size of the apartment.

Families can start moving in the next few weeks.

Interested in applying? The application is not yet available, but should be in about two weeks.

Bookmark this address and check back: http://www.nyc.gov/html/hpd/html/apartment/lotteries.shtml

VIEW & ADD COMMENTS

9 Comments to “No, it’s not a joke: Posh East Village apartments for just $10”

    Alma Gonzalez said:
    May 2, 2013 at 10:15 PM

    When u click the link the apartment complex does not show…. Please help I really want a chance

    brainstormNY said:
    May 3, 2013 at 9:01 AM

    Here is the link you should have http://www.nyc.gov/html/hpd/downloads/pdf/89-Murr… to this the gross total income is different than the story by Monica Morales I dont know what the issue is her story or the add is incorrect on the nyc.gov.

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    justme said:
    June 21, 2013 at 3:00 PM

    Monica Morales,

    Thank you for the story and info. However, I've been checking and there is no info on the link you've provided. Would it be possible for you to provide an update or followup as to how someone may apply or get more info on applying.

    Thank you and best!

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    Jennifer N said:
    October 29, 2013 at 8:23 PM

    When is the last time this reporter "Veronica Morales" took a shower, washed her hair, or put on makeup? She looks like a wash woman. Must be related to the board members of WPIX.

    mortgage said:
    January 22, 2014 at 8:13 AM

    And there are maintenance fees anywhere between $500 per month to approximately $1,000 depending on the size of the apartment

    terra realty said:
    February 8, 2014 at 2:22 PM

    The $10 apartments are all taken but there are four still available for a very low price –$150,000, much less than market value.

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