The Lofts at Westinghouse (Artist Unit)

1 Westinghouse Plaza

The Lofts at Westinghouse. Converted into loft-style condominiums in 2010, this unique brick structure was once home to the Westinghouse Factory. 15 ' ceiling height, exposed brick walls, and 10' arched windows provide excellent light combined to make this fantastic living space. addition, there are double thick walls, exposed ductwork, high-efficiency heating/cooling, and increased air circulation systems. Amenities include a spacious reception lobby, Fitness room, garden area, and oversized elevator. This is a fabulous opportunity for an investor, end user, or as a Pied- a -Terre. 1 mile to Readville Train Station with easy access to downtown, Back Bay, and South Station. 1.5 miles to Cleary Square with many dining options.

FEATURES

Reception lobby
Fitness room
Garden area
Elevator

https://www.maloneyaffordable.com/wp-content/uploads/2023/03/Elevator.jpg

NEIGHBORHOOD

Located at the southernmost tip of the city of Boston, Hyde Park is a large neighborhood that often feels more like a small town than a part of a massive metropolis. In fact, the center of the neighborhood around the intersection of Hyde Park Avenue and River Street is laid out very much like a miniature downtown district, with a large collective of locally-owned shops and restaurants arranged in a walkable setting.

The diverse rental market features a wide selection of apartments and condos, often being quite affordable compared to other areas of the city. Much of the community’s landscape is filled with parks, nature preserves, playgrounds, and golf courses, ensuring that everyone has access to a lush greenspace within walking distance. With MBTA service from Hyde Park Station to South Station only taking about fifteen minutes, it’s a great option for commuters on a budget.

JOIN OUR COMMUNITY / PRICING AND ELIGIBILITY

 Number of Bedrooms: Studio

 Purchase Price: $224,379

 Condominium Fee: $370 per month

 Maximum Income Limit: 90% AMI

1 Household – $88,350

2 Household – $101,000

Maximum Asset Limit: $100,000
Does not include retirement.

There will be no open houses. There will only be private showings.  Please complete this form if you would like to schedule a showing:  Showing Request Form

BPDA Income Limits for 2022

Household Size70% AMI80% AMI90% AMI100% AMI110% AMI120% AMI150% AMI
1 Person$68,750$78,550$88,350$98,150$107,950$117,800 $147,250
2 Person $78,550$89,750$101,000$112,200 $123,400$134,600$168,250
3 Person$88,350$100,950$113,600$126,200$138,800 $151,450$189,300
4 Person$98,150$112,150$126,200$140,200$154,200$168,250$210,300
5 Person$106,050$121,150$136,300$151,450$166,550$181,750$227,150
6 Person$113,900$130,100$146,400$162,650$178,900$195,200$243,950

NEXT STEPS

Let us know you’re interested! Our team will respond quickly to provide more information and schedule a showing.

 
For more information, contact us:   617-778-2470   |   US Relay 711   |   mzaric@maloneyrealestate.com
Free language assistance is available for those whose primary language is not English or have limited English proficiency. For more information or reasonable accommodations for persons with disabilities, please contact us.

FAQ / FREQUENTLY ASKED QUESTIONS

Income Questions:

How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.

I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.

I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.

I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.

Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.

I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.

I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.

Condominium Fee: $370 per month

Square Feet: 1,033

Taxes: 2022 Gross Tax $ $2,171

What is the pet policy? Pets allowed – no more than 1 dog or no more than 2 cats – other restrictions/fees may apply.

Parking / storage – Deeded Parking spot is included. No storage available.

HOA fee includes- Water, Trash removal, Snow Removal, Landscaping, Gym

Washer & Dryer: Community washer / dryer on each floor. ( washer / dryer in unit but excluded with sale.)

What utilities are you responsible for? Gas and Electricity (Eversource)

Negotiable with sale: Washer/Dryer, Television, Living Room Dining Room and Swinging Chair Office Space Kitchen, Bathroom, Hallway Furniture (Bookshelves, Coat Rack)

Sale exclusions:  Bedroom furniture (2 side tables, bedframe, dresser set of 6 drawers, small tv).

If you have questions about this property, please contact us.