18-15 215th St
The Towers at Water’s Edge development comprises three 17-story towers with one, two, and three-bedroom units and 58 three-bedroom/ 2.5 bath duplex and triplex townhouses.
The Towers at Water’s Edge co-ops comprise the Americana, Versailles & Seville towers, each managed by a different co-op board and sharing amazing resort-style amenities.
Purchase & Sublet Guidelines Overview
Purchase Requirements
- Purchasers must intend to occupy the apartment as their primary residence.
- Resale applications are due by the second Thursday of the month.
- Board interviews are generally held on the fourth Thursday of the month between 4:00 PM and 5:30 PM.
Financial Requirements
- Minimum 20% down payment required.
- Purchasers financing their purchase may need to provide a recognition agreement prior to closing.
- All maintenance arrears, legal fees, and other charges must be paid before closing.
- Closing funds must be certified bank checks, money orders, or attorney escrow checks.
Application Fees
- $1,000 Buyer’s Fee payable to 18-15 215th Street Owners, Inc.
- If denied, $500 is refundable.
- $300 non-refundable application processing fee.
Building Rules & Policies
- No pets permitted, including visiting pets.
- Washers and dryers are only permitted in townhouses.
- All renovations require prior Board approval and executed alteration agreements.
- Move-ins are permitted Monday through Friday from 8:30 AM to 4:30 PM only. No weekend or holiday moves allowed.
Board Review & Interview Process
- All occupants age 5 years and older must attend the Board interview and provide photo identification.
Sublet Policy
- Shareholders must own and occupy the apartment for at least 2 years before subletting may be considered.
Sublet Terms
- Initial sublet term: 1 year
- Renewal terms: 1 year
- Maximum total sublet period: 3 years
Sublet Fees
- Year 1: 25% of annual maintenance, electric, and Amversev fees
- Year 2: 33%
- Year 3: 40%
Additional Notes
- The Board of Directors may amend the sublet policy at any time based on market conditions.
- The Board’s stated goal is to maximize owner occupancy throughout the community.