40 middle-income apartments available at luxury high-rise in Midtown East, from $1,281/month

June 30, 2021

All renderings courtesy of NYC Department of Housing Preservation & Development

Here’s an opportunity to live in a luxury Manhattan rental for cheap (relatively). The Gilroy, a new 40-story tower at 232 East 54th Street, is currently accepting housing lottery applications for 40 middle-income apartments, set aside for New Yorkers earning 70 and 130 percent of the area median income. Available apartments start at $1,281/month for a studio, $1,375/month for a one-bedroom, and $1,660/month for a two-bedroom.

Designed by Ismael Leyva, the 420-foot-tall Gilroy features a limestone facade with square casement windows and an Art Deco crown, paying homage to the architecture of the 1920s. The Jazz Age-inspired aesthetic continues inside, with glamorous gold, emerald, and walnut accents throughout.

Residences boast 10-foot ceilings with open floor plans and oversized windows. Kitchens feature custom cabinetry, Calacatta countertops, and stainless steel appliances, while floor-to-ceiling porcelain tile walls and a soaking tub can be found in the bathrooms.

Amenities include a doorman and attended lobby, a laundry room, screening room with skylights, co-working space, fitness center, a Speakeasy-inspired lounge with a kitchen, and a year-round, heated rooftop terrace.

According to the advertisement for the lottery, eligible applicants who earn 130 percent of the AMI will receive three months free on a 12-month lease.

Qualifying New Yorkers can apply for the affordable units until August 30, 2021. Fifty percent of units are set aside for residents of Manhattan Community Board 6. Complete details on how to apply are available here. 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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