All renderings 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.
Developed by Bolivar Development and designed by GF55 Partners, 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.
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.
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.
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.
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Neighborhoods : East Harlem