Apply for 20 affordable units near the Queensboro Bridge, starting at $1,254/month

Posted On Mon, April 17, 2017 By

Posted On Mon, April 17, 2017 By In affordable housing, housing lotteries, Upper East Side

The price is right, but the location may not be the most desirable for this new affordable housing building, as it’s situated directly alongside the off-ramp to the Queensboro Bridge. Traffic views aside (we’re hoping they installed sound-proof windows), these 20 apartments at 321 East 60th Street include $1,254/month one-bedrooms and $1,511/month two-bedrooms for those earning 80 percent of the area median income.

Construction as of July, 2016, via CityRealty

According to CityRealty, developer Azimuth Development Group bought the former parking lot site for $12 million as part of a portfolio of seven buildings. By keeping the building 100 percent affordable, they were able to opt into the city’s Inclusionary Housing Program, which would have allowed them to transfer 80,000 square feet of air rights anywhere within this Upper East Side area.

It’s designed by the affordable housing go-to’s Aufgang Architects, who employed their signature stucco and brick facade. There will be a nine-spot parking garage on the ground floor (available for an additional fee), as well as a lobby and bike storage. The upper seven floors each have three units and a shared laundry room.

Qualifying New Yorkers can apply for the affordable apartments at 321 East 60th Street until June 16, 2017. Residents of Manhattan Community Board 8 will be given preference for 50 percent of the units. Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

Use 6sqft’s map below to find even more ongoing housing lotteries.

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.

RELATED:

Tags : ,

Neighborhoods : Upper East Side

MOST RECENT ARTICLES