51 middle-income rentals available in East Harlem, from $2,200/month
Rendering courtesy of the NYC Department of Housing Preservation and Development
Applications are currently being accepted for 51 middle-income units at a new residential development in Upper Manhattan. Located at 1998 Second Avenue in East Harlem, the 12-story building gives residents access to a host of amenities and the Upper East Side’s wide variety of restaurants and stores. New Yorkers earning 130 percent of the area median income– or between $75,429 annually for a single person and $215,150 for a family of seven–are eligible to apply for the apartments, which range from $2,200/month studios to $3,750/month three bedrooms.
Rendering courtesy of the NYC Department of Housing Preservation and Development
Developed by Bolivar Development and designed by Marvel Architects, the building’s 4,000 square feet of indoor amenities include a state-of-the-art fitness center, a 24/7 attended lobby, a media room, free storage spaces with every unit, and in-unit washers and dryers in every apartment. Prospective residents with pets are welcome as well.
Designed by GF55 Partners, all apartments feature large windows, quartz kitchen countertops with state-of-the-art appliances, bathrooms with large walk-in showers, and in-unit washers and dryers. Some units feature private, oversized outdoor terraces.
The property’s outdoor amenities include a 3,500 square foot outdoor roof deck with a pool, a 17-foot movie screen, and multiple BBQ areas with table seating.
Images courtesy of Bolivar Development
The building is located close to public transportation, including the 6 and Q subway trains. The planned extension of the Second Avenue subway line is also nearby.
“This vibrant neighborhood has seen dynamic growth in recent years, particularly with the expansion of the Second Avenue subway line, and 1998 fills the increasing need for a new elegant rental product,” Peter Fine, founder of Bolivar, said. “The rich amenity package, convenient location and competitive pricing will combine to make this one of the most in-demand rental buildings in Manhattan.”
According to Patch, Bolivar Development purchased the property for $28.5 million in 2018, with plans to build a 125-foot tall, 12-story building with space for commercial and community facility operations.
The lottery doesn’t save renters a ton compared to market-rate rentals in the area. According to CityRealty, the median rental price for market-rate units currently on the market in Upper Manhattan is $2,700/month.
Qualifying New Yorkers can apply for the affordable units until July 14, 2022. 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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