East 7th Street at Cortelyou Road: 750 Sq.Ft bright and quiet 1 bedroom with East-facing treetop views in a well maintained 1960's elevator building with live-in super and laundry room. The apartment has a 20 x 12 living room facing East, with an additional 10 x 12 dining area with a low wall separating the two. The dining area has a very large closet and a very small closet, and is opposite the separate kitchen with granite counters, tile floors, wood cabinets and stainless appliances including dishwasher and microwave. There is a group of original cabinets and drawers outside the gut reno'd full bathroom, and an 11 x 17 bedroom with 2 more large closets. The building is a 7 block walk to the F at Ditmas Avenue, and a 9 block walk to the Q at Cortelyou Road. Rent Stabilized with a legal rent of 1712.29 for a 1 year lease or $1730.45 with a 2 year lease. There in an MCI pending for $26.17/room which will be added to the rent if approved (can be approved for partial amounts as well). To qualify for this apartment, this landlord requires the following: 700 credit or better 40x monthly rent = minimum annual income (the usual formula in NYC) but adjusted for fixed debt For example: $1500 (monthly rent) x 40 = $60,000/year income required to qualify, $1500 $200 minimum monthly payments* on student loans, car loans, etc = $1700 x 40 = $68,000/year income required to qualify 3-4 month's rent in savings when applying Guarantors and/or cosigners, extra securities or any other means of overcoming any issues with the above are not considered. We do work with many landlords in the area, so if this criteria doesn't work for you just let us know so we can find the right landlord for your situation. *your minimum monthly payments for non-revolving debt are shown on your credit reports and may be less than you actually pay, so it's worth checking if you aren't sure.
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