Starting tomorrow, qualifying New Yorkers will get the chance to apply for one of seven available units at a brand spanking new development located at 1770 Madison Avenue in East Harlem. According to the NYC HPD, studios will start at $822 a month, while one-bedrooms will go for $886 a month.
The new rental building wrapped construction at the end of 2015 and market rate units were listed in December with studios priced at $2,295 a month and up to $2,995 for a one-bedroom. Lucky lottery winners and market rate renters at this address will enjoy a locale just four blocks from Central Park and the convenience of living next to the 2, 3 and 6 trains.
Individuals earning between $28,183-$36,300 can apply for a studio apartment; those earning between $30,378-$36,300 annually qualify for a one-bedroom apartment. Households of two or more with an annual income of $30,378-$41,460 can also apply for a one-bedroom.
Apartments are pretty standard-looking new constructions, but are afforded floor-to-ceiling windows and other perks that include built-in Bluetooth speakers, video intercoms, in-residence washer/dryers, hardwood flooring, stainless steel appliances, oversized private terraces in many units and Italian tiled baths, according to several listings. The building is also topped with a common roof deck with city views, as well as offering bike storage below.
Previously, the old Public National Bank sat on the site (used as a church decades ago) but was demolished–to the disappointment of many who hoped that it would be restored.
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Neighborhoods : East Harlem