84 studios for low-income seniors up for grabs at new Essex Crossing building, from $331/month

Posted On Wed, June 19, 2019 By

Posted On Wed, June 19, 2019 By In affordable housing, housing lotteries, Lower East Side

Rendering courtesy of Beyer Blinder Belle

The city launched on Wednesday an affordable housing lottery for 84 affordable studios on the Lower East Side exclusively for low-income seniors. The building at 140 Essex Street sits as part of the nine-site Essex Crossing development and contains 92 units total. Qualifying senior households earning between zero and 60 percent of the area median income can apply for the apartments, which range from $331/month to $761/month.

Designed by Beyer Blinder Belle, 140 Essex Street includes 9,600 square feet of retail on its ground floor. Residents will have access to a new senior center that opened last year at 175 Delancey Street, the development’s first building to open and first to have units set aside for low-income seniors.

Amenities include a residents lounge, fitness center, outdoor terrace, and on-site laundry. Plus, 140 Essex sits across from the recently opened new home of the Essex Market, new public park, 14-screen Regal theater, and later, the Market Line food hall.

“It’s incredibly meaningful that the first building to open as part of Essex Crossing’s second phase will provide housing exclusively for low-income seniors – an increasingly critical resource on the Lower East Side,” Don Capoccia, Principal at BFC Partners, said in a statement.

“At the same time, the first building to open at Essex Crossing was the Frances Goldin Senior Apartments, which includes a vibrant state-of-the-art senior center run by Grand Street Settlement and housing exclusively for low-income seniors.”

As 6sqft reported in November 2017, the project originally called for an 80/20 condo building, but the group of developers Delancey Street Associates added 61 more affordable units to the building. In total, affordable rentals at Essex Crossing make up 561 out of more than 1,070 total units at the site.

Qualifying New Yorkers can apply for the affordable apartments at 140 Essex Street until August 20, 2019. Complete details on how to apply are available here (pdf). Residents of Manhattan Community Board 3 will be given preference for 50 percent of the units. 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’s no-fee rentals page for other apartment deals in the city.

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Neighborhoods : Lower East Side

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