**THE MAXIMUM INCOME FOR THIS APARTMENT IS $40,560-GIFTING IS ALLOWED. Renovation is needed.** Bring your contractor and create the home of your dreams in this uniquely affordable and sun-splashed HDFC cooperative. Two flights up, this alcove studio with almost 9' ceilings is framed by three oversized Eastern facing windows that drench the home in all-day sunlight. The current layout lends itself to have a large separate eat-in kitchen with enough space in the living room for sitting, dining, and foyer areas. French doors lead to an interior bedroom featuring a built-in queen-sized platform bed. There is currently a large closet in the bedroom which could be updated or turned into a home office area. A foyer closet, hall closet, sealed brick walls, and a large bathroom with plenty of storage complete the space. 151 First avenue is a well maintained boutique HDFC cooperative with a large private backyard and deck, common laundry room, storage area and bicycle storage. Centrally located in the East Village minutes to major transportation, top restaurants, retail and cultural centers. Pets are welcome.