40-story South Bronx tower launches lottery for 227 apartments, from $1,936/month
Photo of 355 Exterior Street © Ondel Hylton
The tallest building in the South Bronx launched a housing lottery this week for 227 mixed-income apartments. Rising 40 and 26 stories over the Harlem River in Mott Haven, 355 Exterior Street is a massive two-tower development with more than 700 apartments, ground-floor retail, and luxury amenities. Developed by Beitel Group and designed by Hill West Architects, the project, dubbed One River Park, will also be among the tallest buildings in the Bronx, with just River Park Towers and Tracey Towers slightly larger. New Yorkers earning between 70 and 130 percent of the area median income can apply for the apartments, priced between $1,936/month and $2,850/month.
Beitel closed on the Exterior Street property from Lightstone last year for $84 million, as Crain’s reported. Construction began last December and is now topped out.
The project qualified for the city’s 421-a tax abatement, the now-expired program which required developers to designate at least 25 percent of units as affordable.
One River Park offers a suite of luxury amenities, including a lobby lounge, sky lobby, bike storage, game room, movie theater, party room, children’s playroom, outdoor pool, and a rooftop terrace with grills.
The views from the roof deck will be impressive, with the Harlem River in the forefront and the Manhattan skyline in the background.
Health and wellness amenities include a fitness center, a yoga and spin studio, a golf simulator, and an indoor pickleball court. The property is also pet-friendly, with residents allowed one pet up to 30 pounds, and includes an on-site pet spa.
The development measures 515,000 square feet and includes 11,500 square feet of retail space and nearly 200 parking spaces.
Nearby public transit options include the Grand Concourse subway station with the 2, 4, and 5 subway lines and the Bx1 bus.
Qualifying New Yorkers can apply for the apartments until September 24, 2026. 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.
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