With the Second Avenue Subway sending Upper East Side real estate prices climbing as far north as 96th Street, East Harlem‘s upward trajectory is sure to only heat up. The former El Barrio has been on the cusp of gentrification since a 2003, 57-block rezoning that increased density allowances along First, Second, and Third Avenues, spurring a bevy of new residential projects. One such development is 2139 Third Avenue, a modern, 21-unit rental at the corner of 117th Street, which just launched its affordable housing lottery for five $985/month one-bedroom units, available to one- or two-person households earning no more than 60 percent of the area median income.
As a point of comparison, currently available market-rate units in the building are renting for $2,600 and $2,800/month. All apartments have floor-to-ceiling windows (many have private balconies), hardwood floors, open kitchens with Quartz counters and stainless steel appliances (including dishwashers), LED lighting, and deep soaking bathtubs.
The building offers a resident sundeck and laundry room, and it’s just two blocks away from the 6 train and many restaurants at 116th Street, as well as the East River Plaza shopping complex that has a Costco and Target.
Qualifying New Yorkers can apply for the affordable units at 2139 Third Avenue starting tomorrow, February 8 until March 2, 2017. Residents of Manhattan Community Board 11 will be given preference for 50 percent of the units. Complete details on how to apply are available here (pdf). Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.
Use 6sqft’s map below to find even more ongoing housing lotteries.
- Karim Rashid’s East Harlem HAP Five gets its bright pink trim
- Lottery opens for 40 affordable units across Central Harlem, starting at $822/month
- Construction update: FXFOWLE’s Circa Central Park nears the finish line
Tags : 2139 Third Avenue
Neighborhoods : East Harlem