Lottery opens for 72 affordable co-ops in Soundview, available to buy from $183K

Posted On Thu, November 17, 2022 By

Posted On Thu, November 17, 2022 By In affordable housing, Bronx, housing lotteries

Rendering courtesy of the NYC Department of Housing Preservation and Development

A housing lottery opened for 72 newly-constructed co-ops available for purchase in the South Bronx. Located at 1715 Lacombe Avenue in Soundview, the apartments are available to New Yorkers earning 80, 83, and 90 percent of the area median income, or between $61,030 for a single person and $148,950 for a household of seven. The homes are priced between $183,700 for a one-bedroom and $275,000 for a three-bedroom.

Developed by Lemle & Wolff Companies and Avante Contracting Corp., the Soundview Park Townhomes are situated within 10 four-story buildings, each containing four to eight units.

There are 27 one-bedroom units ranging from $183,700 to $203,000, 33 two-bedroom units ranging from $215,000 to $235,800, and 12 three-bedroom units priced at $275,000.

Eligible applicants must have a minimum of 5 percent of the purchase price available for the down payment and meet mortgage lending standards. Monthly maintenance fees–which cover hot water, gas, electric, and other building upkeep needs–range from $433 per month to $781 per month.

The city is hosting informational sessions about the lottery on November 30 and December 21. Get more details here.

The garden-style apartment community offers its residents easy access to the nearby Soundview Park, which has its own track, baseball field, picnic areas, dog run, performance amphitheater, and several playgrounds. Apartments come equipped with in-unit washers and dryers.

The development also includes a new 25-space parking lot for New York City Housing Authority (NYCHA) residents, who will get preference for 25 percent of the new units.

The building was financed through the New York City Department of Housing Preservation and Development’s (HPD) Open Door Program, which funds the construction of new cooperative and condominium buildings that are affordable to moderate and middle-income households.

As Enterprise Green Communities certified buildings, the townhouses were constructed using sustainable materials and low-impact finishes and furnishes.

Nearby public transit options include the Bx27 bus.

Qualifying New Yorkers can apply for the affordable units until January 13, 2023. Complete details on how to apply are available here. Current NYCHA residents have a preference for 25 percent of the 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 : Soundview

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