Apply for 65 New Affordable Apartments in Mott Haven, Studios Start at $494/Month

June 2, 2016

Another Mott Haven affordable housing lottery has just kicked off, today’s bringing us a slew of brand new units at 463 and 469 East 147th Street. The development, named the Brook Avenue Apartments, falls under Mayor de Blasio’s Housing New York plan, which seeks to create and preserve 200,000 units of affordable housing in NYC over 10 years. The de Blasio administration paired up with local developer Yuco Real Estate Company on the project and uses city-owned land. When construction wraps this year, this part of South Bronx will gain 65 much-needed, below-market units ranging from studios to three-bedrooms in two buildings. Apartments have been priced for those earning between 40 to 60 percent of the Area Median Income (AMI).

For those who meet the above-stated AMI requirements, studios will go for $494 and $788 a month; one-bedrooms for $532 and $847 a month; two-bedrooms for $647 and $,1,025 a month; and three-bedrooms for $1,182 a month. All of Brook Avenue has been secured as affordable and Bronx Community Board 1 residents will receive preference.

Amenities in the building include an on-site superintendent, garage parking (for an additional fee), communal areas, intercom system, bicycle storage and laundry facilities. This building will also maintain 1,700 square feet of commercial space at its base. Public transit options include the 2 and 5 trains (roughly three blocks away, making for a 30-minute Midtown commute), while the B2, B4, B15, B17, B19, and B21 are located within one block of Brook Avenue.

Applications will be accepted until August 1, 2016. Complete details on how to apply can be found here (pdf).

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More: Affordable Housing

Tags: 463 East 147th Street, 469 East 147th Street

Location: Mott Haven, The Bronx

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