111 East 115th Street
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111 East 115th Street

Rental in East Harlem
View the CityRealty Profile of 111 East 115th Street
June 4, 2020

250-name waitlist opens for barely affordable units at East Harlem rental

When we wrote about the initial affordable housing lottery at 111 East 115th back at the beginning of 2018, we questioned how these "affordable" apartments provided any financial relief when they were, in some cases, even more expensive than the market-rate units. The same conundrum holds true now, as the East Harlem rental has just opened up a 250-name waitlist for those earning 130 percent of the area median income. The apartments include $2,253 - $2,675 one-bedrooms and $2,784 - $3,207 two-bedrooms. A recent market-rate one-bedroom rented for $2,575, while a two-bedroom rented for $2,716.
January 13, 2018

NYC RENTALS: This week’s roundup of rental news & offers

Images (L to R): Avalon Brooklyn Bay, SKY, Ellipse and Henry Hall Greystar Unveils New Amenities and Renovated Apartments at The Chelsea Jersey City Waterfront Rental ‘Ellipse’ Unveils New Amenities, Pool Coming This Summer Brooklyn Heights Rental Tower Leasing One and Two-Bed Units with Discounted Deposits Newly Listed One-Beds at 1209 Dekalb from $2,150/Month Eastchester […]

January 8, 2018

Middle-income housing lottery in East Harlem provides little financial relief

In most cases, the city's affordable housing lotteries provide an opportunity to live in market rate-level apartments for a lower price. But at the new East Harlem rental building at 111 East 115th Street, the middle-income units provide minimal financial relief, and in some cases are even more expensive than the market-rate units. The general listings include $2,025/month studios, $2,300 one-bedrooms, and $3,100 two-bedrooms, while the "affordable" offerings for those earning 130 percent of the area median income start at $2,099/month studios and go up to $2,253 one-bedrooms and $2,716 two-bedrooms.

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