501 West 156th Street 35 Welcome to 501 W 156th St, Unit 35 a charming HDFC co-op located in a desirable Washington Heights low-rise building. This inviting unit offers a unique opportunity to renovate and add an in unit washer and dryer. Income restrictions apply: $98, 940 per year for a 1 2 person household, and $113, 280 per year for a household of 3 or more. A flip tax is paid by the owner and is calculated as a percentage of profit based on length of ownership: 20% if owned for less than two years, 15% if owned for two to five years, and 10% if owned for more than five years. Pied- -terres are not permitted. Subletting may be allowed on a case-by-case basis. The property is situated in a vibrant and convenient area of Washington Heights, allowing residents to enjoy easy access to nearby amenities, cultural attractions, and transportation, ensuring seamless connectivity to all that Manhattan has to offer.