The affordable housing lottery for 21-03 46th Avenue in Long Island City officially opens today, and the brand new one-bedroom luxury units will be a mere $918, according to the NYC HPD. Apartments have private terraces, ten-foot ceilings, Brazilian cherry floors, chef’s kitchens with stainless steel appliances, and in-unit washers/dryers. Plus, the address is right across from MoMA PS1 and just a block away from the E, M, 7 and G subways. The catch? The building only has eight units and only two of these are deemed affordable.
The bulk of construction on the building (which has ground-floor commercial space) wrapped up about a year ago, and this past fall, four of the six market-rate apartments were rented. This included two 2-bedrooms for $3,300/month, another 2-bed for $3,200, and a one-bed for $2,600. Currently, a one-bedroom is listed for $2,800.
As for the two affordable units, in order to qualify as an individual, you’ll need to make between $31,475 and $36,300. Interestingly, the earning levels are the same for a two-person household. Those who qualify can apply here.
- Affordable Housing Lottery Kicks Off at 1770 Madison Avenue–Units Start at $822/Month
- Affordable Housing Lottery Launched for Related’s Yorkville Rental Tower at 205 East 92nd Street
- Everything You Need to Know About Affordable Housing: Applying, Getting In, and Staying Put
Interior photos are of an unspecified unit
Neighborhoods : Long Island City