Applications are now being accepted for eight middle-income apartments at a newly constructed building in Bushwick. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments at 18 Stanhope Street, which include four $2,175/month one-bedrooms and four $2,270/month two-bedrooms. The units do not offer that much of a discount from the market rate apartments at the building, with current listings starting at $2,500/month for a one-bedroom and $2,700/month for a two-bedroom.
Rendering via Gluck+
Two years ago, the city and MacQuesten Development broke ground on Van Sinderen Plaza, a redevelopment of two vacant lots in East New York into a 155,000-square-foot mixed-use complex with 130 high-quality affordable apartments, as well as retail and community space. Located just off the New Lots Avenue stop on the L train, the two-building project was built for extremely low-, very low-, and low-income households, or those earning 30, 40, 50, or 60 percent of the area median income. Apartments range from $413/month one-bedrooms to $1,281/month three-bedrooms.
For those looking to move away from the soon-to-be-shuttered L train but remain in Brooklyn, this affordable housing lottery may be a decent solution. Applications are now being accepted for 67 middle-income apartments across two buildings in Bushwick, both conveniently near the J, M, Z subway lines. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, ranging from $1,759/month studios to $2,506/month two-bedrooms.
Photo via pxhere
New Yorkers earning 130 percent of the area median income can now apply for 28 middle-income units at the Avalon Midtown West. The 41-story, 440-unit rental is located at the southeast corner of Eighth Avenue and 50th Street, so if living across from the Gershwin Theatre and swarms of “Wicked” fans doesn’t sound appealing this may be a pass. The available units range from $2,138/month studios to $2,993/month two-bedrooms. This may not sound immediately “affordable,” but market-rate apartments of that size are going for $3,329 and $5,827, meaning you’re actually getting close to a 50-percent discount.
Via RXR Realty
Applications are now being accepted for 73 affordable rentals in a new Brooklyn building located in the middle of Clinton Hill, Prospect Heights, and Fort Greene. Developed by RXR Realty, the 12-story building at 810 Fulton Street is expected to open in 2019. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, which range from $913/month studios to $1,183/month two-bedrooms.
While 130 percent of the area median income is technically considered affordable in New York City, paying $2,253/ month for a one-bedroom apartment in East Williamsburg is still hard to swallow. The neighborhood does have a lot to offer in terms of nightlife and cultural activities, but the area’s transit options, mainly the soon-to-be-shuttered L train, leave a lot to be desired for those commuting to Manhattan. But if you can look past the price and the far-out location, consider applying for eight middle-income units at 310 Graham Avenue, a newly constructed seven-story building. Qualifying New Yorkers earning 130 percent of the AMI can apply for the apartments ranging from $2,253/month one-bedrooms to $3,132/month three-bedrooms.
Via Jonathan Kirschenfeld Architects
Applications are now being accepted for 51 middle-income apartments and The Clark, a newly constructed 8-story building in Prospect-Lefferts Gardens. The Brooklyn building, located at 310 Clarkson Avenue just a short walk from Prospect Park, features a ton of amenities, including an attended lobby, in-unit washer/dryer, dog run, fitness center, a media room, co-working space, and a furnished penthouse space. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments ranging from $1,525/month studios to $2,635/month three bedrooms.
Hudson Yards‘ first residential building to rise, the 88-story 15 Hudson Yards, has just opened its affordable housing lottery for 107 of its nearly 300 units. Listings for the market-rate condos went live two years ago, ranging from a $3.8 million two-bedroom to a $32 million penthouse. By comparison, the affordable rentals, available to New Yorkers earning 50 or 60 percent of the area median income, range from $858/month studios to $1,350/month two-bedrooms. And in addition to the incredible price point, residents will have access to all of the mega-development’s amenities, including new parkland, The Shed performance space, and plenty of retail and restaurant space. Plus, 15 Hudson Yards has a 24-hour attended lobby, two floors of wellness offerings including a gym, yoga studio, and swimming pool, and a skytop lounge with views of the Hudson River and Thomas Heatherwick’s huge climbable installation, the Vessel.
While tenant displacement is happening in every New York City borough, the reason behind it differs from neighborhood to neighborhood. An updated, interactive map from the Association for Neighborhood & Housing Development (ANHD) looks at the loss of rent-regulated housing, property sales, construction permits, and evictions across the city’s 763,000 residential properties as a way to determine the risk of residential displacement in every NYC community (h/t Curbed NY).
Nearly five years ago, the city rezoned a portion of Hell’s Kitchen to allow the Clinton Housing Development Corporation and developers Taconic Investment Partners and Ritterman Capital to undertake a two-building residential project between 10th and 11th Avenues. The larger of the two, a 22-story rental with 392 units at 525 West 52nd Street, launched an affordable housing lottery for 80 apartments two summer ago. The shorter, 13-story component is located next door at 540 West 53rd Street, and as of today, New Yorkers earning 80, 100, 125, or 165 percent of the area median income can apply for all 102 of its residences. They range from $1,091/month studios to $3,270/month two-bedrooms and have access to amenities including two terraces, children’s “splash pad,” a fitness center, laundry room, and the adjacent public community garden.