111 East 115th Street

Bronx, Brooklyn, CityRealty, Manhattan, New Jersey, Rentals

Images (L to R): Avalon Brooklyn Bay, SKY, Ellipse and Henry Hall

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affordable housing, Harlem, housing lotteries

111 East 115th Street, 109 East 115th Street, East Harlem rentals, HTO Architects

View of 111 East 115th Street wrapping up construction in August, via CityRealty

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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