Applications are now being accepted for 48 units below market rate at a newly constructed Long Island City rental. Located at 45-57 Davis Street, the nine-story development contains over 150 units and commercial space on the ground floor. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,156/month studios to a $3,122/month three-bedroom. The median rental price for market-rate units in the neighborhood is $2,700/month, according to CityRealty.
The VOREA Group first acquired the site for $21 million in October 2017, as the Real Deal reported at the time, and later razed the existing woodworking company to make way for the development. Designed by J Frankl/ Charles Mallea, the building has a dark brick facade and offers some of the units private balconies.
Amenities include a rooftop terrace, recreation room, a gym, children’s playroom, shared laundry room, and high-end appliances in each unit. The building sits just a block from the Court Square subway station, home to the G, E, and M, and 7 trains, the latter which actually passes right by the rental on its elevated track.
Qualifying New Yorkers can apply for the affordable units until January 19, 2021. 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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Tags : 45-57 Davis Street
Neighborhoods : Long Island City