NYC is selling Upper West Side apartments for less than $175,000. There’s a catch

The five-story structure will be converted into a 17-unit cooperative. There is a catch: Not everyone is eligible to enter the lottery used to sell the apartments.

Less than 1200% of the local media income is required for admission for New Yorkers. Accordingly, two-person households would be eligible if their combined income was less than $15,000.