Nearly 200 mixed-income apartments available near Yankee Stadium, from $465/month
Rendering courtesy of the NYC Department of Housing Preservation and Development
A housing lottery opened this week for 198 mixed-income units at a new residential development in the South Bronx. Located as part of a two-building project at River Avenue and McClellan Street, the McClellan Apartments is a 17-story building with 250 apartments. New Yorkers earning 30, 50, 70, and 100 of the area median income, or between $18,515 for a single person and $175,100 for a household of seven people, can apply for the apartments, which range from $465/month studios to $2,639/month three bedrooms.
The building is one of three on the block being developed by Maddd Equities, including two buildings at 1164-1184 River Avenue and 1159 River Avenue. In total, the buildings will bring 745 new affordable homes to the street.
Designed by Aufgang Architects, the McClellan Apartments offers amenities like an on-site super, a recreation room, an outdoor deck, free in-unit broadband internet access, and a laundry room. Apartments feature vinyl tile and Caesarstone countertops.
The property is within walking distance of Yankee Stadium and open green space at the nearby Rev. T. Wendell Foster Park.
The development is a result of the 2018 Jerome Avenue Rezoning, which allowed developers to build high-rise developments along a 92-block stretch on Jerome Avenue from East 165th Street to 184th Street.
Maddd Equities closed on financing with the Extremely-Low and Low-Income Affordability Program with HPD and the city’s Housing Development Corporation in June 2019, according to Bronx Times.
Nearby public transit options include the B, D, and 4 subway lines as well as the Bx1, Bx2, and Bx35 buses.
Qualifying New Yorkers can apply for the affordable units until February 22, 2024. Fifty percent of the units are set aside for residents of Bronx Community District 4. 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.