Lottery opens for 300+ mixed-income luxury apartments on Roosevelt Island, from $506/month

Posted On Thu, May 7, 2020 By

Posted On Thu, May 7, 2020 By In affordable housing, housing lotteries, Roosevelt Island

Photo by Shinya Suzuki on Flickr

Applications are now being accepted for 313 mixed-income apartments at a new high-rise rental on Roosevelt Island. Developed by Related Companies and Hudson and designed by Handel Architects, Riverwalk Park is a 21-story permanently affordable building, part of a nine-building planned community on the Island. Qualifying New Yorkers earning 40, 50, 80, 130, and 165 percent of the area median income can apply for the apartments, ranging from a $506/month studio to a $3,432 three-bedroom.


Rendering of Riverwalk Park courtesy of Related Companies

Riverwalk Park is the eighth building developed by Related and Hudson as part of the neighborhood’s planned complex. When completed, the new neighborhood will consist of 2,000 residential units across nine buildings, with 40 percent of them set aside for New Yorkers earning at or below 148 percent of the AMI.

Amenities at the building include a fitness center and yoga studio, a children’s playroom, party lounge and game room, bike storage, and an attended lobby. And each apartment features views of the Hudson and East Rivers.

Located at 460 Main Street, the building is near the main shopping and dining strip of Roosevelt Island, as well as its riverfront parks and the F subway train. Other transit options include the Tram, the Ferry, the Q102, and the Roosevelt Island Operating Corporation’s red bus.

Qualifying New Yorkers can apply for the affordable units until July 6, 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 8. 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’s no-fee rentals page for other apartment deals in the city.

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Neighborhoods : Roosevelt Island

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