My good friend, Candace Taylor, who is at at the Real Deal, reported on 111 Monroe Street, an new FHA approved condo in Brooklyn. This is big news for those who want to buy but do not have much downpayment money available. The developers needed to jump through a lot of hoops to get their project approved by FHA, but in the current environment, I am guessing that they are pleased that they went the extra mile....
Please feel free to give me a call at 646.825.5734 or e-mail me at rich@cpg-nyc.com if you would like more info.
111 Monroe Street banks on FHA approval
The Real Deal
April 15, 2009
If new Bedford-Stuyvesant condominium 111 Monroe Street had gone on sale a year ago, brokers likely would have touted its white oak plank flooring, 10-foot ceilings and Corian countertops. Instead, the condo's key selling point is its Federal Housing Administration-approved status, which offers qualified buyers more than 95 percent financing through mortgages insured by the federal government.
Read more.
Rich Bouchner
Managing Director
Commodore Property Group
Commodore Property Group's home page: www.cpg-nyc.com
My blog: www.gotham-realestate.com
Current Listings: CPG's Current listings
I am the owner of Commodore Property Group. l live in Harlem and work through out all of New York City. If you are looking for a condo, coop or brownstone in Harlem or any section of Manhattan or Brooklyn, please feel free to contact me.
