Important Facts
The Clearview Gardens Development comprises 1788 garden-style apartments on over 88 acres.
There are four different-sized apartments - 3½ rooms (1 bedroom), 4½ rooms (two bedrooms), 5 rooms (two bedrooms), and 5½ rooms (3 bedrooms).
There are garages and outdoor parking spots available on the premises. The community has laundry room facilities, storage rooms, and children’s play areas.
Requirements For Board Approval:
Maximum Number of People Allowed per Unit & Co-op Minimum Sales Price (June 1, 2024)
|
# of Rooms |
# of Bedrooms |
# of Occupants |
Min Sale Price |
|
3½ room apartment |
one-bedroom |
3 People Maximum |
$207,000 |
|
4½ room apartment |
two-bedrooms |
4 People Maximum |
$258,750 |
|
5 room apartment |
two-bedrooms |
5 People Maximum |
$287,500 |
|
5½ room apartment |
three-bedrooms |
6 People Maximum |
$345,000 |
All Sales:
Income requirements (effective June 1, 2024)
|
Room Size |
If All Cash |
Mortgage (up to 80% financing) |
|
3½ room apartment |
$45,000 |
$45,000 + 1 year’s Mortgage Payments |
|
4½ room apartment |
$56,000 |
$56,000 + 1 year’s Mortgage Payments |
|
5 room apartment |
$59,000 |
$59,000 + 1 year’s Mortgage Payments |
|
5½ room apartment |
$63,500 |
$63,500 + 1 year’s Mortgage Payments |
- All periodic debt will be annualized and added to the income requirement.
- Permits financing up to 80% of the total purchase price. (This includes closing fees)
- All Sales: Prospective buyers whose income does not meet the minimum requirements may use 10% of liquid assets to add to the calculation of their income.
Maintenance: (effective November 1, 2023)
Base Maintenance Carrying Charges:
|
3½ room apartment |
$912.82 |
|
4½ room apartment |
$1,069.32 |
|
5 room apartment |
$1,129.30 |
|
5½ room apartment |
$1,193.22 |
The base maintenance does not include:
|
Gas Dryer |
$7.75 |
|
Washing Machine |
$8.00 |
|
Dishwasher |
$9.00 |
|
Freezer |
$9.75 |
|
Bedroom A/C |
$15.00 |
|
Living Room A/C |
$23.00 |
|
Parking Spot |
$25.00 |
|
Unheated Garage |
$42.00 |
|
Heated Garage |
$56.00 |
|
Commercial Garage |
$97.69 |
Electric dryers or portable air conditioners are not permitted.
Pet Policy:
- No Dogs allowed
- 2 Cats allowed per unit
Amenities:
- Outdoor parking spaces available - waitlist
- Garages - waitlist
- Storage Room available, at no cost, for those ground floor units that reside above it
- Laundry room facilities (washer / dryer are also allowed in unit)
- Children’s play area situated throughout the community
- Private security - 24 hours a day, 7 days a week
Nearby Conveniences Include:
- Bay Terrace shopping centers
- Whitestone shopping centers
- Bell Boulevard restaurants
Closing Costs for Purchasers:
- $650 Application Fee (non-refundable)
- $100 per person Credit / Criminal History Check (non-refundable) - for those over 18
- $2,500 Reserve Fund Fee payable to Clearview Gardens Corporation
- $450 if obtaining a mortgage - payable to Geoffrey R. Mazel, Esq.
- Purchasers will need to obtain an insurance policy with a minimum of $100,000 liability
- If the unit has a fuse box, it must be replaced with a circuit breaker panel at the buyer’s expense and installed by Clearview Garden’s licensed electrician after closing (Jan 2019)
Closing Costs for Sellers:
- Co-op’s legal fee of $850 payable to Geoffrey R. Mazel, Esq.
- Security Fee of $5,000 will be reimbursed 60 days after vacating, provided that there are no damages
- Waiver Fee / Flip Tax Below
Waiver Fee / Flip Tax
|
3½ room apartment |
one-bedroom |
$4,000 |
|
4½ room apartment |
two-bedrooms |
$5,000 |
|
5 room apartment |
two-bedrooms |
$6,000 |
|
5½ room apartment |
three-bedrooms |
$7,000 |
