The Navy Green R3 in Fort Greene includes townhouses and condominiums located directly across the street from the bustling Brooklyn Navy Yard. New Yorkers earning between $34,355 and $40,080 annually can apply to enter the waitlist for $947/month studios in the complex’s 45 Clermont Avenue. The eight-story building includes spacious units with high-end finishes, as well as amenities like a community room, bike storage, and large outdoor space.
After more than three years into Mayor de Blasio’s $41 billion, 10-year affordable housing initiative, the city announced on Thursday that 24,293 affordable apartments and homes were secured in Fiscal Year 2017. Out of those units, 40 percent were for families earning less than $43,000 a year, with more than 4,014 homes for families of three earning less than $26,000 a year. According to city officials, the mayor’s Housing New York initiative aims to help an estimated half of a million people afford to live in New York City. Despite these promising numbers, the plan still fails New Yorkers with extremely low-income, by making their affordability benchmarks too high.
A year and a half ago, the nonprofit Unique People Services broke ground on Lynn’s Place, an affordable and supportive housing project in the South Bronx.The $25 million+ project was financed by the city and various organizations and will feature community space on the ground floor, a sunken courtyard, a landscaped back yard, and a seventh-floor green roof, in addition to on-site support services. Of its 69 units, 42 are set aside for individuals with a mental illness or those who were formerly homeless. The remaining apartments are reserved for those earning 50 or 60 percent of the area median income. Ranging from $710/month studios to $1,107/month two-bedrooms, they’ve come online through the city’s affordable housing lottery as of today.
New Yorkers earning 50 percent of the area median income can apply for two affordable one-bedroom apartments for $1,015 per month at 40 West 126th Street. The Central Harlem multi-family building was renovated in 2013 and is just steps away from the 2 and 3 train lines, an abundance of restaurants and bars like the Red Rooster and Sylvia’s, the Studio Museum in Harlem, both the Apollo Theater and National Black Theatre, and the city’s latest Whole Foods that’s set to open next week.
The HAP Ten building at 2211 Third Avenue and 121st Street in East Harlem was created by HAP Investment Developers and designed by Karl Fischer Architects, who employed a gray brick facade with metal panels and several rows of glass balconies. Starting tomorrow, New Yorkers earning 60 percent of the area median income can apply for 22 affordable apartments in the 108-unit building, ranging from $913/month studios to $1,183/month two-bedrooms. Amenities include a concierge, fitness center, rooftop terrace, parking, outdoor entertainment space, and bike room.
Qualifying New Yorkers earning 60 percent of the area median income can apply for an affordable one-bedroom for $947/month or a two-bedroom for $1072/month at 452 Lafayette Avenue in Bedford-Stuy. Located at the intersection of Lafayette and Franklin Avenues, this apartment building sits near the Pratt Institute as well as plenty of shops, bars, and restaurants. Amenities include a roof terrace and laundry room, along with being just steps away from the G train.
Walk a block to sunbathe in McCarren Park; two blocks to play a game at Brooklyn Bowl; three blocks to schmooze at the trendy hotel trifecta of the Wythe, Williamsburg Hotel, and William Vale; and four blocks to hit up Smorgasburg at East River State Park. Normally a location like this would cost you a pretty penny, but as of today, New Yorkers earning 60 percent of the area median income can apply for 10 affordable units at 174 North 11th Street. The apartments range from $722/month studios to $900/month two-bedrooms, and building amenities include a common roof terrace, fitness center, parking, bike storage, and a coin-operated laundry room.
Starting today, New Yorkers earning 60 percent of the area median income can apply for two, $1,114/month two-bedroom apartments at 183 Tompkins Avenue in Bed-Stuy, quite the deal considering market-rate two-bedrooms are renting for $2,600. The new six-story building has just 10 units total and is a five-minute walk from the Myrtle- Willoughby G train and 10 minutes from the Myrtle Ave J, M, and Z. Apartments have large windows, high ceilings, wood floors, and kitchens with dishwashers and stainless steel appliances, and the building offers some private balconies, a rooftop, and a virtual doorman.
When it comes to affordable housing, the city’s offerings primarily focus on rentals, but the little-known pool of HDFC units (Housing Development Fund Corporation) provide low- and middle-income New Yorkers a chance to own a slice of NYC real estate below market rate. The program was created several decades ago so that tenants in poorly managed buildings could take control of their property and form cooperatives. At this time, they were selling for a mere $250 each, and though today’s prices range from $500,000 two-bedrooms to $1.8 million three-bedrooms depending on the neighborhood, the deals are still out there based on qualifying incomes. And to make the HDFC hunt a bit easier, CityRealty has put these current listings into a handy interactive map.
Back in early 2016, 6sqft shared a new housing lottery for three Williamsburg buildings, one of which was 37 Ten Eyck Street in East Williamsburg between Union Avenue and Lorimer Street. The vacant lots were purchased in 2014, along with a fourth site at 33 Ten Eyck Street, by the Housing Development Corporation to build 100 percent affordable buildings. That final building is now complete and its 14 units are available to those earning 40 or 60 percent of the area media income. They range from $589/month one-bedrooms to $1,121/month two-bedrooms, and the building offers an elevator, outdoor area, intercom system, bicycle storage, and laundry facilities.