200+ mixed-income units up for grabs at a new South Bronx rental, from $865/month

Posted On Mon, November 5, 2018 By

Posted On Mon, November 5, 2018 By In affordable housing, Bronx, housing lotteries

Rendering via L+M Development

A housing lottery launched on Monday for 211 mixed-income apartments in a new South Bronx building. Located at 1530 Story Avenue, the rental is part of the Lafayette-Boynton residential complex in the neighborhood of Soundview and is one of two new structures at the site developed by Nelson Management Group and L+M Development Partners. Qualifying New Yorkers earning 60, 90, 95, and 125 percent of the area median income can apply for the batch of units, which range from $865/month studios to $2,184/month three-bedrooms.

Amenities at the building include an on-site superintendent, a laundry room, parking, bike storage, playground, and lockers for packages. The building at 1530 Story Avenue is connected to the other rental via a one-story structure that holds the fitness center. The development will be completed sometime in 2019.

Residents can also enjoy proximity to Soundview Park, 205 acres of green space that sit where the Bronx River opens into the East River. Recreational activities at the park include six baseball fields, a cricket pitch, running track, soccer field, basketball courts, walking paths, and a performance lawn.

Transit options include the 6 train and BX5 bus, as well as the newly launched ferry route from Clason Point Park. While it’s located about 20 minutes from the Story Avenue residences, the new route will get you to Wall Street’s Pier 11 in roughly 45 minutes.

Qualifying New Yorkers can apply for the affordable apartments at 1530 Story Avenue until January 4, 2019. Fifty percent of units will be reserved for residents of Bronx Community Board 9. Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.

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Neighborhoods : Soundview,South Bronx

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