1199 53rd Street 1L Brooklyn NY 11234 MLS #495401

Kings Village – 2 bed Coop located in the sought-after neighborhood of Flatlands is quiet, bright, and well-maintained with modern kitchen, bathroom and unblemished hardwood floors: check out the Virtual Tour. Its a vacant move-in ready gem for the next owner and is very easy to show. $1006 maintenance includes cooking gas & heat, and add Capital Assessment of $258. Easy access to onsite laundry, storage(waitlist), parking is $165(waitlist). Sorry no pets. Convenient to B6, B46, B82 & B103 buses, shopping all around & at Kings Plaza. Subletting requires Board approval. Financing is available through EastWest Bank contact listing broker for mortgage broker detail. Present all offers with preapproval/proof of funds. Further information on Kings Village can be found at https://www.domecilecom/buildings/1755_Utica_Avenue.

Please note that the Board is considering the following criteria when reviewing resale applications:
The minimum yearly income of the purchaser(s) must be 7x the annual maintenance payment.
A minimum credit score of 675 will be considered.
The applicant must reside within Kings Village as their PRIMARY RESIDENCE for a period of no less than 2 years.
The applicant should not have a mortgage obligation for ANY OTHER RESIDENCE, than the one sought within Kings Village.
The yearly total of all debt payments should not exceed 45% of the purchasers total yearly income.
Total yearly income is determined by referring to the gross income shown on the purchasers Federal Income Tax return.
There is a Capital Contribution of $1 per share payable by the purchasers, to Kings Village Corp., which is due at closing.