Major South Bronx development Bankside opens lottery for 132 apartments, from $2,525/month

The sprawling South Bronx mixed-use development Bankside released another housing lottery this week. Applications are now being accepted for 132 middle-income apartments at Lincoln at Bankside, a four-tower development with 921 apartments and a new public waterfront park. New Yorkers earning 130 percent of the area median income, or between $86,572 for a single person annually and $198,250 for a household of five, can apply for the units, priced from $2,525/month studios to $3,400/month two bedrooms.

Located in Mott Haven, Bankside is a $950 million project developed by Brookfield Properties, which purchased the land for $165 million in 2018, setting a record for the borough’s most expensive real estate deal. The seven-tower development is designed by Hill West Architects and contains more than 1,350 apartments situated along 4.3 acres of waterfront.

Lincoln at Bankside contains studios to three-bedroom apartments that feature floor-to-ceiling windows, stainless steel appliances, in-unit washers and dryers, and dishwashers. Residents will get one month of rent for free, a waived security deposit, and one year of the building’s amenities package for free upon signing a lease, according to the lottery page.

Amenities include a concierge, fitness center, game room, covered parking, residents lounge, co-working space, children’s playroom, rooftop terrace, indoor pool, indoor basketball court, and reservable event space.

The project also includes a 34,000-square-foot public waterfront and promenade designed by MPFP, as well as retail and community facility spaces.

The first lottery opened at Lincoln at Bankside in February for 145 middle-income units. Of the 921 total units, 277 are designated as “affordable” and rent-stabilized and 644 are priced at the market rate. Current market-rate units start at $2,955/month, with a one-month free concession.

Nearby public transit options include the 2, 3, 4, 5, and 6 subway lines, as well as the M125 bus.

Qualifying New Yorkers can apply for the affordable units until November 16, 2023. Complete details on how to apply are available here. 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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