Lottery launches for 121 units at new Essex Crossing rental, from $562/month

Posted On Tue, February 4, 2020 By

Posted On Tue, February 4, 2020 By In affordable housing, housing lotteries, Lower East Side

180 Broome Street on left; Rendering by Moso Studio

An affordable housing lottery is set to launch Wednesday for 121 mixed-income units at a brand new Lower East Side rental. The Artisan, located at 180 Broome Street, is part of the nine-site Essex Crossing development. The tower contains 263 apartments, retail at street level, office space on levels two through five, and underground access to the Market Line. Qualifying New Yorkers earning 40, 60, 130, or 165 percent of the area median income can apply for the apartments, which range from $562/month studios to $3,770/month three-bedrooms.

Designed by Handel Architects, the mixed-use tower sits at the foot of the Williamsburg Bridge, which influenced the building’s oversized concrete framed-facade. The tower rises 25 stories, including its five-story commercial podium.

Residences sit on floors six through 26, with one full floor dedicated to amenities. The building will offer residents a green roof with an elevated terrace, fitness center, children’s playroom, bike storage, and lounge.

As 6sqft reported last week, the condo tower next to the Artisan, One Essex Crossing, will launch sales at the 83-unit building this spring. The site’s first condo building at 242 Broome Street hit the market in September 2016, with market-rate units starting at $1.275 million. Essex Crossing, which will bring 1,000 new residences and 350,000 square feet of office space to the site, is expected to be completed in 2024.

Qualifying New Yorkers can apply for the affordable units until April 7, 2020. Complete details on how to apply are available here (pdf). Preference for 50 percent of the units will be given to residents of Manhattan Community Board 3, with former tenants of the Seward Park Extension Urban Renewal Area receiving preference for 50 percent of those units.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311. If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.

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Neighborhoods : Lower East Side

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