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Homes for the 99%

There are still plenty of ways to buy on the cheap—if you qualify.


Desirable real estate that’s inaccessible to one-percenters—is there such a thing in a city where the average apartment price is $1.4 million? You bet. Even with a two-person income in the six figures, New Yorkers can qualify to buy in Housing Development Fund Corporation buildings and others that were converted into co-ops, or built, with subsidies from the city. Buying in these buildings comes with hidden costs, of course, including flip taxes and a smaller market when it’s time to sell. But, as these six apartments demonstrate, the trade-offs are often well worth it.


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