Lottery opens for Extell’s Lower East Side affordable rental, from $947/month

Posted On Wed, November 1, 2017 By

Posted On Wed, November 1, 2017 By In affordable housing, housing lotteries, Lower East Side

Rendering of 229 Cherry Street, via Extell Development

The housing lottery for Extell Development’s affordable housing building in the Lower East Side has officially launched. The 13-story development at 229 Cherry Street and sits right next to the group’s amenity-filled, luxury condo, One Manhattan Square. Designed by Dattner Architects, residents at 229 Cherry Street will have access to a landscaped terrace, fitness center and a lounge. Qualifying New Yorkers earning 60 percent of the area median income can apply for $947 per month studios, $1,017 per month one-bedrooms and $1,230 per month two-bedrooms.

Extell, known for its extravagant developments like One57 on Billionaires’ Row, will start its first closings at One Manhattan Square in the fall of 2018 and open 229 Cherry Street in the spring of 2018. While residents at 229 Cherry won’t have access to all of the amenities at One Manhattan Square, which will span 100,000 square feet and feature a teahouse and treehouse, residents of both buildings will have access to the same parking lot. One Manhattan Square will also include ground-floor retail, including a grocery store.

229 Cherry Street, housing lottery nyc, lower east side

Qualifying New Yorkers can apply for the affordable apartments until January 2, 2018. Residents of Manhattan Community Board 3 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.

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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