The affordable housing lottery for the Durst Organization‘s nearly finished rental tower EŌS at 855 Sixth Avenue launches today, according to the NYC HPD. One year ago, 6sqft reported on the 42-story structure’s topping out, which at exactly 500 feet makes it officially tied as the shortest skyscraper in the city. Now, with full leasing slated to begin this spring, the application process for the 75 newly constructed, below-market rate apartments set aside for low-income residents is open. Rents in the Midtown West tower will range from $566/month studios to $930/month two-bedroom units.
Earlier this week, Curbed reported that one of the first affordable housing developments financed under Mayor Bill de Blasio’s housing plan will kick off its lottery today. The former school building at 525 West 145th Street in Hamilton Heights has been rehabbed into apartments and a community space and now goes by the name The Residences at PS 186.
The project will bring 78 sure-to-be-sought-after affordable apartments to low- and middle-income households earning between $18,729 and $142,400 per year. In all, there will be 19 studio units, 47 one-bedrooms, and 12 two-bedrooms available for various income ranges and household sizes. The cheapest units will be two studio apartments priced at $508 per month, available for single-person households earning between $18,789 -$24,200. Half of the units will be set aside for local residents and five percent for city employees.
Glenwood Management has just launched their affordable housing lottery for 52 below-market rate apartments within their soon-to-debut rental tower at 175 West 60th Street. Situated within the Lincoln Center area of the Upper West Side, 20 percent of the building’s 257 units will be set aside for low-income residents and will range from $566/month studios to $931/month two-bedroom units.
The address, located just north of 126th Street, was mired in controversy a few years back when tenants sued owners West Harlem Group Assistance for injuries sustained in what they called a crumbling, unkempt building. At the time, the local nonprofit owned about 45 buildings, but 2049 5th Avenue was cited as the worst, with claims of leaky ceilings, no heat, collapsing walls, and broken pipes. In December, 2014, the building finally underwent a gut renovation, which includes these affordable apartments.
The affordable housing lottery for 21-03 46th Avenue in Long Island City officially opens today, and the brand new one-bedroom luxury units will be a mere $918, according to the NYC HPD. Apartments have private terraces, ten-foot ceilings, Brazilian cherry floors, chef’s kitchens with stainless steel appliances, and in-unit washers/dryers. Plus, the address is right across from MoMA PS1 and just a block away from the E, M, 7 and G subways. The catch? The building only has eight units and only two of these are deemed affordable.
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.
Photographs from mid-October of 205 East 92nd Street by the photoblogger Field Condition.
Related Companies‘ playground-pouncing rental tower at 205 East 92nd Street has launched its housing lottery that provides below-market rents for 47 of the building’s 231 units. The 36-story tower is in its home stretch of construction, prepping for occupancy in early 2016. Vested in the city’s and state’s Inclusionary Housing /421-a programs, 20 percent of the units will be reserved for low-income tenants. Fifty percent of the subsidized units will be reserved for residents of Manhattan Community Board 8 (covering the Upper East Side and Roosevelt Island) and an additional 5 percent for municipal employees.
Selected applicants will be provided apartments at a tremendous discount when compared to the neighborhood’s market-rate rents. According to CityRealty, the median rental price for a one-bedroom in Yorkville stands at $3,210; and $5,398 for two-bedroom apartments. Affordable one-bedrooms at 205 East 92nd will start at $607 and two-bedrooms at $736.
affordable housing, Construction Update, Hell's Kitchen, housing lotteries, Midtown West, New Developments, Rentals, Starchitecture
Construction shot © 6sqft
Applications are now being accepted for the 142 affordable apartments in Bjarke Ingels‘ tetrahedron-shaped rental building dubbed VIA 57 West, aka “the Pyramid Building.” By downloading applications here, you and 141 other lucky families may have the chance to live in a future landmark that is already turning out to be the most audacious rental building ever built in the city.
The massive, half-block-long development will contain a total of 709 units, of which 20 percent will be deemed affordable. Subsidized rents range from $565/month studios for single-person households making between $19,222 – $24,200 annually, to three-bedroom apartments going for $1,067/month for three- to six-person households.
We knew this day was quickly approaching; just a couple of months ago, we reported that My Micro NY (also known as Carmel Place), the city’s first micro apartment complex, was fully stacked, reaching its 120-foot height at 335 East 27th Street on the border of Gramercy and Kips Bay. Now, Brick Underground reports that the $17 million development began accepting applications this morning for its 260- to 360-square-foot affordable studios. According to the site, the available units are “11 $950/month studios for one person earning between $34,526 and $48,350, or two people making between $34,526 and $55,250; and three $1,492/month studios for one person making between $53,109 and $78,650, or two people making between $53,109 and $89,830.”
Photo via Wiki Commons
According to a new report from the Daily News, for every affordable apartment offered through the city’s housing lotteries since 2013, there were 696 applicants, leaving you with a measly 0.14 percent chance of being selected. “All told, there were 2.9 million applications for 4,174 affordable units available from 72 lotteries run by the city’s Department of Housing Preservation and Development (HPD),” says the News, yet another signifier that average New Yorkers are struggling to pay ever-increasing rents.