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New Brooklyn condo seeks FHA approval

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At a new Brooklyn condominium slated to open Thursday, developers are hoping to obtain Federal Housing Administration approval to allow buyers to put 3.5 percent, or as little as $11,000, down as an initial payment, according to a press release from Aptsandlofts.com, the firm marketing the building. The five-story, 15-unit condo at 552 Lafayette Street between Bedford and Nostrand avenues, on the border of Bedford Stuyvesant and Clinton Hill, was developed by Offir Naim and Hung Tin Hung of KTR Construction, marking the duo’s first Brooklyn project. There are 13 one-bedrooms and two, two-bedroom penthouses, with prices starting at $315,000. TRD

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